STATEMENT FROM THE AMERICAN ASSOCIATION OF STATE COLLEGES AND UNIVERSITIES (AASCU) ON SECRETARY DUNCAN 'S RESIGNATION

AASCU wishes Secretary Arne Duncan well as he announces his impending departure from the Department of Education. Secretary Duncan can and should be proud of the administration’s overhaul of the antiquated guaranteed student loan system and of its successful conversion to 100 percent direct lending. He also deserves credit for advocating that savings from the direct loan program should be used to expand grant funding for needy students. We would also like to commend Secretary Duncan for the attention he has brought to issues of waste, fraud and abuse; we look forward to working with the administration to ensure that the initiatives started under his tenure come to fruition.