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Bennett also proposes changes to need analysis, and during Q&A faces criticism that he ignores faster-growing expenses like insurance, utilities, security, health services, and technology.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & 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federal student loan programs?","Question",{"text":63,"@type":64},"Bennett called for major changes, arguing that institutions raise costs because federal loan and grant programs compensate through larger federal funding.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What is the Income Contingent Loan Program pilot designed to do?",{"text":68,"@type":64},"The $10 million pilot program would let students in selected institutions base federal loan repayments on their post-graduation income levels, without requiring a federal loan subsidy.",{"name":70,"@type":61,"acceptedAnswer":71},"How did Francis Michelini respond to Bennett’s critique of college costs?",{"text":72,"@type":64},"Michelini said Bennett did not account for rapidly rising expenses such as insurance, utilities, security, health services, high-technology equipment, and student aid office 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costs because they can raise costs,\"EducationSecretary William Bennett called for a major change in the federal studentloan programs yesterday.  \nBecause institutions increase their tuition charges knowing that Congress wil1compensate by pouring more money into loan and grant programs,federal fundingfor higher education is running\"out of control,\"Bennett said at conference oninnovative higher education financing at Catholic University in Washington,  \nD.C.  \n\"We believe that for colleges to increase costs beyond inflation,and for thegovernment to subsidize those increases,contributes unnecessarily and frre-sponsibly to rising costs,\"Bennett said.  \nThe secretary launched his attack while announcing that he has sent \"Dear Co1-league\"letters to the nation's higher education institutions,inviting them toparticipate in the new Income Contingent Loan Program,the first step in theEducation Department's drive to change federal student loans.  \nNo Hidden CostsThe $10 million pilot program,authorized by the HigherEducation Amendments of 1986,P.L。99-498,will offer students in 10 selectedinstitutions the chance to base their federal loan repayments on their post-graduation income levels.  The program does not require a federal loan subsidy,thus saving the federal government a significant amount of money,Bennett said.  \nIn addition,Bennett said that ED may propose changes in its need analysis sys-tem in its fiscal 1988 budget.Under the plan,college cost increases morethan 1 percent above the inf1ation rate would not be considered in a student'sneed formula.  \n\"No longer will the costs of colleges be hidden by federal subsidies,\"Bennettsaid.\"Rather than spending someone else's money,students wil1 find them-selves making decisions about their own。This cannot help but make studentsmore conscious of how much they pay for their college,and the quality theyreceive in return.\"  \nAltering the student aid programs,coupled with a more conscious attempt byinstitutions to contain costs,wil1 reverse that trend and keep American highereducation healthy,Bennett said.\"I for one am confident that a more thorough,more responsible look at college costs and college performance wil1 …serveto increase America's confidence in our colleges and universities,\"he said.(more)  \n# BENNETT BLASTS COLLEGES FOR SOAKING FEDERAL AID PROGRAMS(Cont.)\n\nBennett criticized colleges for raising tuition costs without justificat ion.Although colleges have said that tuition increases in the 1980s were designedto compensate for the inflation-driven losses incurred in the 1970s,and toaddress deferred maintenance of physical facilities,Bennett said his informa-tion contradicted such claims.  \nAlthough faculty salaries are increasing,Bennett noted,campus maintenancebudgets have seen little increase.He added that many institutions are offset-ting faculty salary hikes by slowing down promotions and hiring more low-paid,part-time faculty members.  \nS  \nWhile Bennett's remarks received polite response from the audience,FrancisMichelini.president of the Commission for Independent Colleges and Univer-sities of Pennsylvania,received the biggest applause of the day.  \n# 台动分\n\nOther Factors InvolvedSpeaking during the question-and-answer periodafter the secretary's speech,Michelini said that Bennett's harsh critique ofcollege costs failed to take into account the exploding costs of insurance,utilities,security,health services,high-technology equipment,growingstudent aid offices and institutfonal student aid programs--costs that haveincreased much faster than inflation.  \n\"We aren't ripping off [families]and distributing the dividends to the boardsof trustees,\"Michelini told Bennett.\"I'd like to see some more analysis.\"  \nBennett replied that ED has analyzed college costs and,while the costs ofhigh-tech equipment may be rising beyond an institution's cont rol,colleges anduniversities need not increase spendi","cbCaip7STTujUYuU","https://ap.wps.com/l/cbCaip7STTujUYuU","pdf",1195074,"English","# BENNETT BLASTS COLLEGES FOR SOAKING FEDERAL AID PROGRAMS\n## Income Contingent Loan Program and proposed need-analysis changes\n## Q&A: Other cost factors and quality/cost debate\n## Consumer information and performance reporting","[{\"question\":\"What change did William Bennett call for in federal student loan programs?\",\"answer\":\"Bennett called for major changes, arguing that institutions raise costs because federal loan and grant programs compensate through larger federal funding.\"},{\"question\":\"What is the Income Contingent Loan Program pilot designed to do?\",\"answer\":\"The $10 million pilot program would let students in selected institutions base federal loan repayments on their post-graduation income levels, without requiring a federal loan subsidy.\"},{\"question\":\"How did Francis Michelini respond to Bennett’s critique of college costs?\",\"answer\":\"Michelini said Bennett did not account for rapidly rising expenses such as insurance, utilities, security, health services, high-technology equipment, and student aid office costs.\"}]","BENNETT BLASTS COLLEGES FOR SOAKING FEDERAL AID PROGRAMS - Cont. | PDF",1789968325,13]