Without congressional action, interest rates on federal student loans will double starting July 1.
Senate Republican Leader Mitch McConnell of Kentucky says the GOP and Democrats agree that interest rate decisions should be taken out of the hands of politicians, and that interest rates should be based on economic factors. However, disagreements remain over specifics, like how fast and high the rates could rise.
On the Senate floor Tuesday, McConnell said young Americans already have enough to worry about without Washington creating more problems for them.
"The youth unemployment rate for 20 to 24 year olds is over 13 percent," asserted McConnell. "In Kentucky, it’s more than 14 percent. And once many students graduate college, they face a highly uncertain future."
Rates on all federally-backed student loans are set to jump from 3.4% to 6.8% next month.
Under a Democratic proposal, interest rates would be left alone for two years as Congress works on permanent reform. The extension would be funded through the elimination of some tax breaks.
Republicans have put forward a bill that would employ a variable market rate, like a mortgage, that doesn't change over the life of an individual student's loan.
Warren County parents and teachers will have the chance Monday night to hear from the three men vying to be the next schools superintendent. A public forum will start at 7 p.m. at Greenwood High School.
Allen Barber is a Warren Central High School graduate and currently works in school administration in Eagle Point, Oregon. Rob Clayton is a middle school principal in Oldham County, Kentucky, and Dr. Franzy Fleck is a superintendent in Burbank, Illinois.
Community Relations Coordinator Don Sergent says the next chief of schools in Warren County will face a couple of challenges.
"We're a growing district and a very diverse district, so they're probably looking for someone who can handle the issues that arise out of that growth, which a lot of times means building, and we've done a lot of that, and then the diversity dealing with ESL, the English as a Second Language population," explains Sergent.
The Warren County Board of Education will hold interviews with the finalists later this week, and a new superintendent will be named by June 21.
State Rep. Derrick Graham has been named the new chairman of the state House Education committee, Democratic leaders announced today.
Graham is a Frankfort native who recently retired as a social studies teacher at Frankfort High School. He is a well-known education advocate and previously chaired a budget subcommittee on education.
“I want to congratulate Derrick, my friend and colleague, on his appointment as the House Education Committee’s newest chairman,” House Speaker Greg Stumbo said in a statement. “He has dedicated his life to education and has a deep understanding of the challenges and opportunities Kentucky faces academically."
Five House members of the Democratic majority have applied for the open chairmanship, the news release said.
Eastern Kentucky University says it's giving the buyouts to 127 workers who applied for them and were accepted.
The school's executive director of human resources, Gary Barksdale, says most people who chose the buyout are rank-and-file staff workers. The program was not made available to faculty or vice presidents.
Buyout packages were calculated based on an employee's years of service. They include a $1,500 payment for health insurance costs.
Twelve professionals make up the inaugural class of the Warren County Public Schools Hall of Distinguished Alumni. It's a diverse group whose backgrounds range from the military and medicine to business and sports.
School System Attorney Bart Darrell helped create the Hall, and he says it's as much for current students as it is for alumni.
"We certainly want our students here now to see the bar that has been set for them and realize there were some really great folks who came before them, and they need to try to live up to those standards," says Darrell.
Inductees will be honored in a ceremony Saturday evening at the Sloan Convention Center in Bowling Green. They include Amy Milliken, Jonathon Holland, Dr. Kenneth Bastin, Dr. Sharron Francis, Dr. Jenks Britt, Dr. James Lafferty, Dr. Jackie Lawrence, Daymeon Fishback, David Clark, Clemette Haskins, Charles Hardcastle, and Billy Ray Smith.