Romney’s higher ed plan: Looser regs on for-profits, return to bank-based loans

Basically, he’d like to undo the changes President Obama has made.

Inside Higher Ed has an overview:

WASHINGTON — The presumptive presidential Republican nominee Mitt Romney pledged Wednesday that, if elected, he would reshape or do away with two major Obama administration higher education policy initiatives: the overhaul of the federal student loan program and tighter regulations on for-profit colleges.

In his education plan, the former Massachusetts governor also proposed consolidating some federal financial aid programs and changing eligibility rules for Pell Grants to ensure the program’s financial future.

During the Republican primaries, Romney was all but silent on his proposals for higher education. The decision to release a detailed platform (accompanying a speech that focused on the candidate’s plans for elementary and secondary education) more than five months before the general election underscores the surprisingly prominent role that college prices and student debt have played in the 2012 election so far. And while Romney blames Obama for abetting the price increases by increasing federal financial aid, on at least one point the two rivals struck the same note: “The federal government will no longer write a blank check to universities to reward their tuition increases,” the platform said, echoing the president’s putting colleges “on notice” over prices in the State of the Union in January.

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