Texas Holdem: Whats in the cards for the next four years

1
Texas Holdem Whats in the cards for the next
four years?

• 2004 NCHELP Fall Training Conference
• Brett Lief
• National Council of Higher
• Education Loan Programs

2
Election Results
Source CNN.com, National Exit Poll data, 13,660
respondents
3
Election Results
Source CNN.com, National Exit Poll data, 13,660
respondents
4
Congressional Results
HOUSE
3 races undecided, 218 needed for majority
SENATE
60 needed for cloture
5
Senate Shuffle
6
House Education and the Workforce Committee
Shuffle

• Jim DeMint (R-SC) and Johnny Isakson (R-GA) won
  elections to the Senate
• Denise Majette (D-GA) lost her Senate bid (to
  Isakson) and will not return to the House
• Max Burns (R-GA) lost his reelection bid
• Cass Ballenger (R-NC) and Jim Greenwood (R-PA)
  did not run for reelection

7
What is in the new deck?
8
The Administrations Priorities

• Buttress Social Security
• Simplify the tax system
• Strengthen the economy
• Fight terrorism
• Reform healthcare

9
Education Priorities

• Plan to add accountability for high schools
  (similar to No Child Left Behind)
• Reauthorization of Higher Education Act
• Influenced by squeeze on domestic spending

10
Budget Bluff
11
The Real Hand
Source Concorde Coalition, CBOs Updated
Budget and Economic Outlook No News is Bad
News. September 17, 2004.
12
FY 2005 Appropriations

• Administration wants FY 2005 budget completed and
  within the caps this fall
• The GOP/White House approach to lame duck
  session, and appropriations negotiations, will
  signal their commitment to reduce domestic
  spending
• The new Congress includes more budget hawks

13
New Senate Leadership Plans

• Incoming Senate HELP Committee Chair Enzi is
  likely to focus on workforce development
• Paying for college is only part of the solution,
  getting there is just as important Senator
  Enzi
• Includes easing student aid restrictions for
  online students college students

14
Higher Education Landscape

• Approximately 16.6 million enrolled college
  students
• Total 122 billion awarded for financial aid
• Loans 56 of aid
• Non-federal borrowing 11.3 billion, 147
  increase over 3 years

15
Benefits of Higher Education

• Individual
• College grads earn 73 more than high school
  grads
• Earning approximately 1 million more over their
  working lives
• Society
• Higher levels of education correspond to lower
  levels of unemployment, incarceration and
  poverty and, higher levels of civic
  participation and health

16
Thank you for coming to the 2004 NCHELP Fall
Training Conference!

• See you next year in St. Pete Beach for the 2005
  NCHELP Fall Training Conference!