Notes in the Margins: Blowing refunds, changing Stafford rates, and governing community colleges

Senate Approves College Student Loan Plan Tying Rates to Markets Many liberals, who are upset that the plan would replace the fixed-rate subsidized federal student loan program, criticized their colleagues for leaving lower- and middle-income students vulnerable to swings in the market. (The New York Times)

Some thoughts on student loan interest rates The 3.86 percent rate is probably higher than it should be. By comparison, Chase bank offers a standard 60 month auto loan at a 3.14 percent interest rate. I don’t think it’s a stretch to argue that society’s better off when someone goes to college than it is when someone buys a car. (Rochester City Newspaper)

National commission will review how colleges are governed, recommend changes The Association of Governing Boards of Universities and Colleges plans to announce Thursday the formation of a national commission to review how schools are governed and make recommendations for change. (The Washington Post)

Undergrads Blow It With Student Loan Refunds Some undergrads use excess financial aid money to purchase cars and finance expensive trips. (U.S. News & World Report)

Community college opens doors for women Strong emphasis on programs will increase women’s access to STEM training and careers. (USA Today via University Business)