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Education: Government Schools

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WSJ

The furor over President Obama's trillion-dollar restructuring of American health care has left his other trillion-dollar plan starved for attention. That's how much the federal balance sheet will expand over the next decade if Mr. Obama can convince Congress to approve his pending takeover of the student-loan market. The Obama plan calls for the U.S. Department of Education to move from its current 20% share of the student-loan origination market to 80% on July 1, 2010, when private lenders will be barred from making government-guaranteed loans. The remaining 20% of the market that is now completely private will likely shrink further as lenders try to comply with regulations Congress created last year. Starting next summer, taxpayers will have to put up roughly $100 billion per year to lend to students. *** For decades, loans carrying a federal guarantee have been the most common way of borrowing for college. After raising money in the private capital markets, lenders m

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KCCI TV Ch. 8

Family members said this week that Atlantic high school officials forced five teenage girls to remove their clothes during an investigation into a theft.  The girls' families and their lawyers said the incident at Atlantic High School amounts to a strip-search, which is illegal in Iowa schools.  But school officials said the search was "allowable" under board rules.

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