1. Washington Update Brittny McCarthy Director, Federal Relations American Association of State Colleges and Universities (AASCU) April 17, 2008

2. Federal Higher Education Landscape Budget and Appropriations Higher Education Act Student Loan Markets Negotiated Rulemaking

3. Budget & Appropriations FY 2009 President’s Budget House and Senate Budget Resolutions Appropriations Bills Emergency Supplemental Economic Stimulus

4. Higher Education Act Last reauthorized a decade ago. Has been extended several times- most recently through the end of April 2008. House and Senate have each passed their own bills. Current status- pre-conference. Main policy issues: –College Costs –Accountability

5. Student Loan Markets Concerns have been raised by for-profit schools, lenders, and the media. To a lesser extent, higher- cost, small, non-profit institutions. Access to private educational loans vs. federal educational loans. Concerns about red-lining certain colleges. House and Senate legislation has been introduced.

6. Negotiated Rulemaking TEACH Grants Student Loans