CRESCENT IOWA NEWS AND BLOG


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Courthouse report for the week of Dec. 8


Christine Lynn Sauer, 7/11/72, La Crosse. 75/55. Austin Theodore Moser, 5/26/96, La Crescent. 48/30. Samantha Jean Schmeling, 5/16/96, Onalaska, Wis. 59/40. Mark David Colsch, 6/29/58, New Albin, Iowa. 65/55. Stephanie Beth Donovan, 9/18/82, Byron.

Mt. Crescent Ski Area Webcams


Planning to ski at Mt. Crescent Ski Area? Get a sneak peek of the mountain via these ski area webcams, stationed at various locations throughout Mt. Crescent Ski Area. Don't leave your perfect powder day to chance, see what the weather, ski and snow ...

Milton C.Allen, Jr.


Milton C. "Charlie" Allen, Jr., age 78, of Crescent, Iowa, passed away suddenly November 20, 2014, at CHI Health Mercy Hospital. Charlie was born January 13, 1936, in Council Bluffs to the late Milton C. and Bernice M. (King) Allen, Sr. He graduated from ...

Family honors Iowa Civil War veteran


CRESCENT, Iowa – Most people don’t have a reason to know Thomas Dorsett, a Civil War veteran whose grave was unmarked for more than eight decades. Records indicate the man left the Indiana infantry to live in Washington County, Nebraska. Another ...

July 4 Independence Day Fireworks, Parades and Events Around Crescent


Find July 4th Fireworks in Crescent, IA including Events, Schedules and Parades. Search for Crescent Iowa July 4th fireworks, events, parades, restaurants, things to do and more! And if you love those “bombs bursting in air” on the Fourth of July ...

Crescent Electric buys Iowa distributor


EAST DUBUQUE, Ill. -- Crescent Electric Supply Company has announced the purchase of Storm Lake, Iowa-based Lake Electric Supply. Founded in 1967, Lake Electric is a privately owned, independent electrical distributor serving a diverse customer base in ...

Names released in I-29 crash near Crescent


Authorities have released the names of two people who died in a crash on Interstate 29 near Crescent, Iowa. Obed Orozco, 37, of Logan and 18-year-old Alvaro Rodriguez of Omaha, Nebraska were killed in a two-vehicle collision near Crescent Sunday.

I-29 Crash Kills Two Near Crescent, Iowa


Crescent, IA - All lanes of Interstate 29 are now back open after a deadly crash near Crescent, Iowa Sunday morning. Part of the accident investigation will center around whether drunk driving may have led to the wreck. An Iowa State trooper tells KMTV ...

Crescent, Iowa Planning First Parade in 35 Years


CRESCENT, Iowa (AP) — The small city of Crescent in western Iowa plans its first parade in 35 years. The parade is planned for Saturday as part of the city's Fall Festival. The Daily Nonpareil in Council Bluffs reports that the grand marshal will be ...

Crescent, Iowa Vacation Rentals


Crescent, Iowa offers great vacation house rental and home rental-by-owner deals for the knowledgeable traveler. No matter what budget or level of comfort you seek in your holiday to Crescent, IA, there's surely a great local vacation home rental available ...



SPECIAL INFORMATION FOR CRESCENT

Capital to small businesses and entrepreneurs in CRESCENT

The U.S. Treasury Department’s State Small Business Credit Initiative (SSBCI) today released a new Quarterly Report detailing how the program continues to help small businesses grow and create jobs. Since the beginning of the program, the Treasury Department has disbursed more than $1.1 billion to participating states.

“Through the State Small Business Credit Initiative, the Treasury Department, states, and private sector lenders and investors are supporting small businesses and creating a lasting impact on the economy,” said Clifton Kellogg, Director of the SSBCI program. “More than $1 billion in State Small Business Credit Initiative funds have been distributed, making a real difference at the local level. Because of these funds, businesses have been able to buy new equipment, expand their facilities, and hire workers.”

Small businesses and entrepreneurs need capital to build their businesses, and SSBCI is designed to help spur new private sector lending or investment in small companies by leveraging private capital along with the federal support offered by the program. Through SSBCI, the Treasury Department will award nearly $1.5 billion to state programs across the country that support small businesses, including small manufacturers. SSBCI funding is not repaid by participating states to the federal government. Instead, to help even more small businesses, repaid loans and investments remain with participating states to be redeployed locally. The SSBCI Quarterly Report shows that as of September 2014, participating states have recycled more than $60 million to support additional investments.

States have made considerable progress in deploying these funds to support economic growth locally. The states that have deployed the most SSBCI funds by percentage of allocation include: North Dakota (Mandan Consortium), Idaho, Arkansas, Colorado, Montana, South Carolina, New Hampshire, Michigan, Kansas, and Alabama. The states that have deployed the most SSBCI funds by dollar amount include: California, Michigan, Florida, Illinois, Alabama, North Carolina, Texas, New York, Ohio, and Georgia.

SSBCI was created when President Obama signed into law the Small Business Jobs Act on September 27, 2010. The Treasury Department awarded allocations to all fifty states by early 2012, based on a formula set by the Small Business Jobs Act that considered population and unemployment levels. Each state designs its own small business programs, and five types of programs are eligible for SSBCI funds: Capital Access Programs, Loan Guarantee Programs, Loan Participation Programs, Collateral Support Programs, and Venture Capital Programs. In the SSBCI 2013 Annual Report business owners reported that more than 95,000 jobs will be created or saved as a direct result of SSBCI support. [23]







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To protect students at career colleges from becoming burdened by student loan debt they cannot repay !

 These regulations will hold career training programs accountable for putting their students on the path to success, and they complement action across the Administration to protect consumers and prevent and investigate fraud, waste and abuse, particularly at for-profit colleges.

"Career colleges must be a stepping stone to the middle class. But too many hard-working students find themselves buried in debt with little to show for it. That is simply unacceptable," U.S. Secretary of Education Arne Duncan said. "These regulations are a necessary step to ensure that colleges accepting federal funds protect students, cut costs and improve outcomes. We will continue to take action as needed."

To qualify for federal student aid, the law requires that most for-profit programs and certificate programs at private non-profit and public institutions prepare students for "gainful employment in a recognized occupation." Under the regulations finalized today, a program would be considered to lead to gainful employment if the estimated annual loan payment of a typical graduate does not exceed 20 percent of his or her discretionary income or 8 percent of his or her total earnings. Programs that exceed these levels would be at risk of losing their ability to participate in taxpayer-funded federal student aid programs.

The final gainful employment regulations follow an extensive rulemaking process involving public hearings, negotiations and about 95,000 public comments. The regulations, which will go into effect on July 1, 2015, reflect the feedback the Department received, and aim to protect Americans from poor career training programs by targeting those programs that leave students buried in debt with few opportunities to repay it. Highlights of the rule include:

  • Preventing students from being buried in debt: Based on available data, the Department estimates that about 1,400 programs serving 840,000 students—of whom 99 percent are at for-profit institutions—would not pass the accountability standards. All programs will have the opportunity to make immediate changes that could help them avoid sanctions, but if these programs do not improve, they will ultimately become ineligible for federal student aid—which often makes up nearly 90 percent of the revenue at for-profit institutions.
  • More rigorous accountability than previous regulations: The new regulations are tougher than the Department's 2011 rules because they set a higher passing requirement and lay out a shorter path to ineligibility for the poorest-performing programs. In 2012, the Department estimated that 193 programs would not have passed the previous regulations; with respect to these new regulations, based on available data, the Department estimates that about 1,400 programs would not pass the accountability metric.
  • Providing transparency about student success: The rule also provides useful information for all students and consumers by requiring institutions to provide important information about their programs, like what their former students are earning, their success at graduating, and the amount of debt they accumulated.
  • Improving student outcomes: The regulations build on momentum toward increased accountability in higher education by setting standards for career training programs, including programs offered by for-profit institutions, to ensure they are serving students well. While the Department has seen encouraging changes in the past five years, it believes all career training programs can and should meet higher expectations.

Today, the Department is also taking new steps to formalize partnerships with several federal agencies to enhance cooperation and ensure proper oversight of for-profit institutions of higher education through an interagency task force.

Background on the Administration's efforts to protect students from poor-performing career colleges Too often, students at career colleges—including thousands of veterans—are charged excessive costs, but don't get the education they paid for. Instead, students in such programs are provided with poor quality training, often for low-wage jobs or in occupations where there are simply no job opportunities. They find themselves with large amounts of debt and, too often, end up in default. In many cases, students are drawn into these programs with confusing or misleading information.

The situation for students at for-profit institutions is particularly troubling. On average, attending a two-year for-profit institution costs a student four times as much as attending a community college. More than 80 percent of students at for-profits borrow, while less than half of students at public institutions do. Ultimately, students at for-profit colleges represent only about 11 percent of the total higher education population but 44 percent of all federal student loan defaults.

In response to these concerns, in 2009, the Department began extensive conversations with the higher education community about the role of career colleges, particularly on how they could be held accountable for the outcomes of their students. Following a 2012 court decision, which affirmed the U.S. Department of Education's authority to regulate in this area in order to protect students and taxpayers, the Department undertook new efforts to make sure career training programs provide affordable pathways to good jobs.

The Department believes many institutions have already started to take steps to improve. Some of the largest institutions have instituted trial periods for programs before students have to commit, so students can decide if that program is right for them. There are reports that institutions have decreased program lengths. Some are reducing costs. And a few institutions have closed some locations and programs they judge to be performing poorly.

But the Department also believes there is still potential for improvement in many of these programs—public, private non-profit and for-profit—so it is taking action to spur more change.

The gainful employment regulations are a central part of the Administration's work to ensure that student debt is affordable and that for-profit colleges serve students well. These regulations complement other efforts taken by the Administration to protect students by addressing problems at poor performing institutions, particularly in the for-profit sector. These efforts include:

  • Formalizing an interagency oversight task force The Department will lead an effort to formalize an interagency task force to help ensure proper oversight of for-profit institutions of higher education. In particular, the Department and other federal and state agencies will coordinate their activities and promote information sharing to protect students from unfair, deceptive, and abusive policies and practices. The task force will build on efforts already underway among various federal agencies, and include the Departments of Justice, Treasury and Veterans Affairs, as well as the Consumer Financial Protection Bureau, Federal Trade Commission, and the Securities and Exchange Commission. In addition, state attorneys general will also be invited to continue their participation in this collaboration. Given the important responsibilities each of these federal agencies has, and the vital role that states play, the agencies will leverage their resources and expertise to assist one another, thereby making the best use of scarce resources and better protecting the interests of students and taxpayers. This task force will formalize and strengthen a working group that has been working together over the past year and that has coordinated efforts in several reviews and investigatory work. The task force will meet as needed, but at least once each quarter.

  • Keeping student debt affordable The Department is helping more students manage their student debt through flexible repayment options like the Pay As You Earn plan, which caps student loan payments at 10 percent of a borrower's discretionary income. In addition, the Administration continues targeted outreach to help borrowers who may be struggling to repay their loans, ensuring that they have the information they need to select the best repayment option for them and avoid future default.

  • Developing a college ratings system The Department is also working on a new college ratings system, which will showcase colleges and universities that are effective in improving student success; incentivize institutions to work toward the most important goals, like graduating low-income students and holding down costs; and help students and families choose their school based on the value it provides for their investment.

  • Strengthening oversight of the programs on which our nation's service members and veterans rely Through Executive Order 13607, the Principles of Excellence for Educational Institutions Serving Service Members, Veterans, Spouses, and Other Family Members, the Administration has worked to protect our nation's military families by ensuring that federal military and veterans educational benefits programs are providing service members, veterans, spouses, and other family members with the information, support, and protections they deserve. This includes: establishing a centralized complaint system; new, risk-based program reviews informed by students complaints to focus enforcement efforts at the Departments of Veterans Affairs, Defense, Education and Justice, the Consumer Financial Protection Bureau, and the Federal Trade Commission; and key tools and resources like the online GI Bill ® Comparison Tool, which has made it easier for over 450,000 veterans, service members and their dependents to select education and training programs that provide a good value and meet their needs.




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