The House Postsecondary Education Subcommittee called hearings to give higher education officials a chance to respond to accusations that colleges are greedy and spend as much as they can. Program duplication, tax breaks for parents, tuition increases, and a call for college audits are discussed. (MLW)

A series of steps by the Education Department and Congress to crack down on loan defaulters are discussed. Several factors have put defaults in the spotlight, including a study listing default rates at all postsecondary institutions and hard-hitting newspaper editorials. (MLW)