Yahoo! News: Education News

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• Calif. university system OKs 20 percent fee hike (AP)
• Sallie Mae 2Q loss attributed to investment losses (AP)
• House panel approves increase in Pell Grants (AP)
• Obama sees "battle" as financial plan forges ahead (Reuters)
• Bill Gates: Better data mean better schools (AP)
• House committee backs Obama student loan reform (Reuters)
• U-M, Amazon offer 400K titles with print-on-demand (AP)
• Obama's Plan for Community Colleges (U.S. News & World Report)
• U.S. back-to-school spending seen dropping: survey (Reuters)

Calif. university system OKs 20 percent fee hike (AP) Posted: 21 Jul 2009 05:34 PM PDT AP - The California State University system raised student fees Tuesday by 20 percent as part of a budget plan that would also shrink enrollment and furlough nearly all employees for two days a month.

Sallie Mae 2Q loss attributed to investment losses (AP) Posted: 21 Jul 2009 03:29 PM PDT AP - SLM Corp., better known as Sallie Mae, said Tuesday investment losses pushed it to a loss for the second quarter.

House panel approves increase in Pell Grants (AP) Posted: 21 Jul 2009 02:51 PM PDT AP - President Barack Obama's plan to boost Pell Grants for low-income college students cleared the House education committee Tuesday, the first step down a long and potentially rocky path through Congress.

Obama sees "battle" as financial plan forges ahead (Reuters) Posted: 21 Jul 2009 01:43 PM PDT Reuters - The Obama administration advanced its financial regulation reform agenda on Tuesday, moving ahead on reshaping the $92-billion student loan market and unveiling a proposed shake-up for credit rating agencies.

Bill Gates: Better data mean better schools (AP) Posted: 21 Jul 2009 01:06 PM PDT AP - The U.S. must improve its educational standing in the world by rewarding effective teaching and by developing better, universal measures of performance for students and teachers, Microsoft co-founder Bill Gates said Tuesday.

House committee backs Obama student loan reform (Reuters) Posted: 21 Jul 2009 12:17 PM PDT Reuters - The $92-billion U.S. college student loan market would be fundamentally reshaped under a bill approved on Tuesday by a congressional committee, which sent the measure on to the full House of Representatives.

U-M, Amazon offer 400K titles with print-on-demand (AP) Posted: 21 Jul 2009 11:11 AM PDT AP - The University of Michigan says it's teaming up with Amazon.com to offer reprints of 400,000 rare and out-of-print books from its library that no longer are under copyright.

Obama's Plan for Community Colleges (U.S. News & World Report) Posted: 21 Jul 2009 09:29 AM PDT U.S. News & World Report - In the days since President Obama announced plans to invest an unprecedented $12 billion in the nation's community colleges, he has received praise for training the national spotlight on institutions he says are too frequently "treated like the ugly stepchild of the higher-education system." But the shimmer of that spotlight already has started to fade, and critics are raising questions about whether the president's goal to rebuild the economy by helping 5 million more Americans graduate from two-year schools is feasible, the Chronicle of Higher Education reports.

U.S. back-to-school spending seen dropping: survey (Reuters) Posted: 21 Jul 2009 03:01 AM PDT Reuters - U.S. consumers will spend 8.5 percent to 12 percent less this year on back-to-school items than they did last year, as cash-strapped parents try to get children to wear last year's fashions, a retail industry monitor said on Tuesday.

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