Federal Reserve Chairman Ben Bernanke. (2010 file photo.)
Credit Tim Shaffer / Reuters /Landov
Hearing that Federal Reserve Chairman Ben Bernanke offered Princeton graduates "10 suggestions" at their commencement ceremony Sunday, we had visions of those in caps and gowns nodding off during a treatise on the fine points of investing in municipal bonds.
President Obama says he wants Congress to keep student loan rates from doubling July 1st. If lawmakers don't act, those rates will jump from 3.4 to 6.8 percent. NPR's Ari Shapiro reports the president held a White House event this morning to increase the pressure.
ARI SHAPIRO, BYLINE: It was a steamy morning in the White House Rose Garden when President Obama stepped out in front of a group of college students and graduates. The president said it's inspiring to spend time with young people.
President Obama, with Education Secretary Arne Duncan at his side, calls on Congress on June 21, 2012, to stop interest rates on student loans from doubling. He is going to make that appeal again Friday.
President Obama surrounded himself with college students at the White House on Friday and warned that the cost of student loans is about to go up.
Interest rates on government-backed college loans are set to double July 1 — unless Congress agrees on a fix before then. Obama has threatened to veto a House-passed bill that would let the cost of student loans go up and down with the market.
The University of Tennessee became one of 10 state university systems teaming up with Coursera, a for-profit tech company.
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From New Mexico to New York, 10 state university systems have announced they are joining the ranks of elite institutions embracing the massive open online course, or MOOC, system.
On Thursday, they unveiled a landmark partnership with Coursera, a for-profit tech company with 3.5 million registered students. It's the biggest effort to catapult degree-granting institutions into the world of global education.
Bonner, who has represented Alabama's 1st District for six terms since 2003, will become vice chancellor of government relations and economic development at Alabama. His sister, Judy Bonner, serves as president of the university.