Enzi, Nelson, Alexander Move To Protect Student Loans

Wednesday, November 18, 2009

U.S. Senators Mike Enzi (R-Wyo.), Ranking Member of the Senate Health, Education, Labor and Pensions (HELP) Committee, Ben Nelson (D-Neb.) and Lamar Alexander, Wednesday introduced bipartisan legislation to extend the Ensuring Continued Access to Student Loans Act (ECASLA).

Senator Enzi said, “Students must have access to student loans and Congress can make sure that happens by passing this bill. Serious problems persist in the financial markets and many private and non-profit Federal Family Education Loan lenders are considering leaving the program when the current extension expires on July 1st of next year. The potential consequences could be catastrophic for America’s college students and many of them might not be able to get student loans for the 2010-2011 academic year. The solution is simple – extend ECASLA for another year.”



Senator Nelson said, “This successful program has helped lenders to continue to provide student loans in this difficult economic climate. Allowing the program to expire could pull the rug out from under current students who need the loans to continue their education. This extension will allow a successful program to continue supporting the education of America's college-bound.”

Senator Alexander said, “Unless Congress passes this legislation, millions of students attending nearly 3,500 colleges across the United States could lose their access to federally supported education loans. The responsible thing to do is extend a program that is working while Congress debates the merits of the president’s proposal for another Washington takeover to run all student loans out of the Department of Education.”

Congress acted in 2008 to steady student loan markets, allowing students to continue receiving billions in student loans throughout the economic downturn. ECASLA authorizes the Department of Education to serve as a backstop for private and non-profit Federal Family Education Loan lenders by purchasing or committing to purchase student loans. The law requires that the purchases will not result in any cost to taxpayers.

Additionally, Senators Richard Burr (R-NC), Judd Gregg (R-NH), Orrin Hatch (R-Utah), Johnny Isakson (R-GA), John McCain (R-AZ), Lisa Murkowski (R-Alaska) and Pat Roberts (R-KS) have co-sponsored the legislation.


McCallie’s Duke Richey Named Tennessee History Teacher Of The Year For 2021

GPS Tenth Head Of School Megan Cover Begins Headship

GPS Welcomes 4 New Members To Board Of Trustees


Dr. Duke Richey, the Sen. Howard H. Baker Jr. Chair of American History at McCallie School, has been named the 2021 Tennessee History Teacher of the Year, an award presented annually by the Gilder ... (click for more)

For the past month, Megan D. Cover has spent her first days as the tenth GPS Head of School familiarizing herself with the community—its people and its processes. Her office has hosted a constant ... (click for more)

GPS welcomes four new members to its Board of Trustees as Clay Watson assumes the role of board chair, replacing Becca Stimson ’73, Ph.D., who will remain on the Board. Other changes to the executive ... (click for more)



Student Scene

McCallie’s Duke Richey Named Tennessee History Teacher Of The Year For 2021

Dr. Duke Richey, the Sen. Howard H. Baker Jr. Chair of American History at McCallie School, has been named the 2021 Tennessee History Teacher of the Year, an award presented annually by the Gilder Lehrman Institute of American History, the nation’s leading organization dedicated to K-12 American history education. He is now one of 53 history teachers nationwide who will be considered ... (click for more)

GPS Tenth Head Of School Megan Cover Begins Headship

For the past month, Megan D. Cover has spent her first days as the tenth GPS Head of School familiarizing herself with the community—its people and its processes. Her office has hosted a constant flow of visitors as she meets individually with faculty, staff, alumnae, and other GPS constituents. “As I begin my role as Head of School, my goal is to get to know the people behind ... (click for more)

Breaking News

Man Charged In Pikeville Axe Murders Told Police He Can't Remember Grisly Killings, But "It Must Have Been Me"

A man charged with using an axe to hack a mother and her daughter to death told authorities he cannot remember any details of the grisly killings at Pikeville, but Robert Joe Whittenburg said he concluded "it had to be me." Whittenburg, 47, faces two counts of first-degree murder in the killing of 46-year-old Deanna Lawrence and her 24-year-old daughter (and his girlfriend) Dedra ... (click for more)

Red Bank Commissioners Vote On 1st Reading To Raise Taxes 11 Cents

Red Bank Commissioners voted unanimously on first reading on Tuesday night to raise the property tax by 11 cents. The new $1.10 per $100 of assessed valuation was 10 cents below what Interim City Manager John Alexander had recommended and had been supported by Mayor Hollie Berry and Vice Mayor Stefanie Dalton. Red Bank's tax rate previously was $1.39. However, under the certified ... (click for more)

Opinion

Meacham Hit On What Has Harmed America The Most

I was recently involuntarily sent a copy of the December 2019 House Intelligence Committee’s report on its investigation into Donald Trump and the Ukraine which I immediately prepared to put in the trash as being outdated in 2021. However, I noticed the six-page foreword had been written by McCallie School and Sewanee graduate Jon Meacham who also happens to be a Pulitzer Prize ... (click for more)

Roy Exum: ‘The Worst Ever’ In Louisiana

Not since the COVID pandemic first began 18 months ago have conditions been as grave as they are right now in Louisiana. Today a sweeping masking mandate will begin statewide for “everybody,” vaccinated or not, after the state’s hospitals on Tuesday set an all-time record for inpatients with 2,112, breaking the previous mark of 2,069 set in January. On Monday there were 11,109 confirmed ... (click for more)