Here we are again, starting off a new term on campus, headed to the internet and to bookstores to get our textbooks.
Textbooks are expensive. Too expensive.
We work with students and faculty across the country and where we can, lawmakers to make textbooks more affordable by stopping unfair business practices by publishers that drive up the costs of higher education.
Earlier this month Congress acted to stop a huge cut to the Pell Grant program for next year.
The Pell Grant program is the cornerstone federal financial aid program, assisting close to 9 million students in paying for college.
Reposted from U.S. PIRG's Consumer Blog
While the 111th Congress already had resulted in enacting several major, historic victories, from health care to Wall Street reform, the lame duck post-election session -- against usual form -- is eking out a few more important victories for consumers.
PIRG In The News
This week, President Barack Obama introduced two changes to the federal student loan program to help new borrowers. An estimated 1.6 million students will be eligible for the new repayment plan, which allows student borrowers to cap their loan repayments at 10 percent of their discretionary income, up from 450,000 under the current system. Another 6 million will be able to consolidate their debt, in some cases slightly reducing their interest rates.
On September 12th, the US Department of Education released the official FY 2009 cohort default rates on student loans. The number of students who defaulted within two years of entering repayment increased to 8.8%, up from 4.5% in FY 2003 and 7% in FY 2008.
The name Textbook Rebellion may seem a bit extreme, but IU students passing by the rally on their way to classes were eager to stop and sign petition protesting high textbook fees. Nicole Allen helped organize the event that is part of a national effort to reduce textbook costs.
High textbook prices have caused junior and sociology major Kate Lavery to struggle in her classes.
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