FORT McCOY, Wis. - A military Retiree Appreciation Day will be held Saturday, Oct. 24 at Rock Island Arsenal, Ill. Retirees from all branches of the armed forces and their family members are eligible to attend. The event begins at 8 a.m. and concludes at noon.

Retiree Appreciation Day provides an opportunity for all armed forces retirees, spouses, surviving spouses, and/or guests to receive updated information about retiree entitlement programs.

Photo identification is required for all personnel to access the installation.

Pre-registration is required and must be accomplished by Oct. 15.  The registration form, available online at http://www.mccoy.army.mil/Services/ACAP_Documents/2015_RAD_REGISTER.pdf, contains detailed information about the event. Direct any questions to 563-508-5123.

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LINCOLN, Neb., Sept. 17, 2015 - This week, following the recent announcement of $2 million in Conservation Innovation Grants to support water quality trading markets, the Department of Agriculture (USDA) and the Environmental Protection Agency (EPA) hosted a joint workshop to expand markets for water quality benefits generated on farms, ranches and forest lands.

Water quality trading is an innovative approach to reduce pollution and efficiently achieve water quality goals. Trading is based on the fact that sources in a watershed can face very different costs to control the same pollutant. Trading programs allow facilities facing higher pollution control costs to meet their regulatory obligations by purchasing environmentally equivalent (or superior) pollution reductions from another source at lower cost, thus achieving the same water quality improvement at lower overall cost.

USDA and EPA signed a partnership agreement in 2013 to advance water quality trading and other market-based approaches that provide benefits to the environment and economy. The workshop attracted over 200 participants involved in water quality trading from across the nation.

"Conservation practices that improve soil health and conserve nutrients also produce real water quality benefits. With support from USDA and our Federal partners, water quality markets can create incentives to increase these environmental benefits and boost investment in rural America. The actions we are announcing today will help us get there," said Ann Mills, USDA Deputy Under Secretary for Natural Resources and Environment.

Among the new water quality trading resources announced:

EPA-USDA Water Quality Trading Roadmap

  • The Water Quality Trading Roadmap is a decision support tool for those designing and participating in water quality trading programs. The Roadmap is a searchable database that consolidates policy guidance from EPA, information from State programs, and examples and supporting materials from across the U.S.

EPA-USDA partnership on EnviroAtlas to support environmental markets

  • USDA and EPA will incorporate environmental markets data layers into the Federal ecosystem service decision support tool, EnviroAtlas. The data layers will show where markets for water, carbon, wetlands, and habitats occur on the U.S. landscape, provide information about these markets, and allow this information to be displayed in the context of existing environmental data from Federal agencies.

Nutrient Tracking Tool (NTT)

  • USDA will release this fall the next version of NTT, ready for use in the Pacific Northwest and Ohio River Basin. The new version of NTT is a USDA hosted, user-friendly, web-based tool that calculates edge of field nutrient and sediment loads for use in conservation planning and environmental market credit calculation. NTT will be made available in additional regions in 2016.

USDA Environmental Markets Website

  • USDA released the Department-level environmental markets website. The site integrates information, tools and resources on environmental markets from across the Department, allowing users to easily gain a snapshot of environmental market activities at USDA.

These new resources were announced days after the Natural Resources Conservation Service awarded over $2 million in Conservation Innovation Grants to support water quality trading markets. The 2015 Water Quality Trading Conservation Innovation Grant Awardees are:

Conservation Marketplace Midwest ($243,933)-proposes to develop and pilot a Field Stewards program, an innovative conservation credit system designed to allow companies in the food industry to buy "offsets" for water quality and agricultural conservation. Through the purchase of certification credits, food companies can demonstrate sustainability to their customers without having to create a new chain-of-custody supply chain for agricultural commodities, keeping costs low for retailers and the consumer. (MN)

Electric Power Research Institute ($300,000)-proposes to develop and execute, for the first time, trades of "stacked" ecosystem services-both water quality and greenhouse gas emissions reduction credits. EPRI administers the Ohio River Basin nutrient trading program, the only multi-state trading program in the country. (IN, KY, OH)

Great Lakes Commission ($400,000)-substantial water quality issues plague the Western Lake Erie Basin (WLEB), leading to harmful algal blooms each summer in Lake Erie. The Great Lakes Commission proposes to develop a framework for water quality trading in the WLEB. (IN, MI, OH)

Iowa League of Cities ($700,000)-proposes to develop a framework for water quality trading in Iowa to support the State's Nutrient Reduction Strategy. (IA)

National Association of Conservation Districts($116,725)-proposes to develop guidance materials and engage in outreach and training to increase participation of soil and water conservation districts in nutrient trading programs. In many water quality trading programs, district employees are the conservation experts interacting with agricultural producers generating credits from the installation of conservation practices. (Nationwide)

Virginia Tech University ($285,729)-proposes to develop the information and tools required to incorporate agroforestry into Virginia's nutrient trading program, which currently largely depends on the retirement of marginal agricultural lands for credit generation. In December 2014, USDA, EPA and the State of Virginia celebrated a first-of-its-kind transaction when the Virginia Dept. of Transportation purchased phosphorous credits generated by a Virginia farmer. (VA)

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Rock Island, IL: Join us at the Rock Island Public Library as we present two community updates on the progress of our building feasibility study, and an exciting opportunity for Rock Island.

Public meetings will be offered on Tuesday, Sept. 22 at 6:00 pm, and again on Wednesday, Sept. 23 at 10:00 am in the large Community Room of the Rock Island Main Library, 401 19th Street, Rock Island.

Feasibility study team members Gere/ Dismer Architects of Rock Island, library administration and Board members will present information on the status of Rock Island Public Library's long-range planning study, including how & why it began, the needs addressed by the study, Board decisions, conceptual design, budget, and other details.

The study is expected to be complete by the end of the year, and community input is part of the process. The meetings are free and open to the public.

For more information on library events, visit www.rockislandlibrary.org or call 309-732-READ.

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Nationwide Rankings Focused on Outcomes-Based Data

TROY, NY (09/17/2015)(readMedia)-- Saint Ambrose University has been ranked #6 among 724 colleges nationwide in Best Value for Business, Management and Marketing by College Factual (www.collegefactual.com), a trusted resource that uses customizable tools and outcomes-based rankings systems to guide students through the college selection process.

A number of factors were used to determine these rankings, including how well the institution retains and graduates students, the average loan debt per student, the boost in expected earnings, the percentage of full-time teachers, and the average student loan default rate.

In addition to Saint Ambrose University's placement in Best Value for Business, Management and Marketing, the institution also scored well in Best Value for Parks, Recreation, Leisure, and Fitness Studies, earning a #7 spot out of 426. Both of these reflect the institution's high quality of education as compared to other schools on the list, which includes both research universities and liberal arts colleges.

You can view all of Saint Ambrose University's rankings here: http://www.collegefactual.com/colleges/saint-ambrose-university/rankings/badges/

"We publish a variety of college rankings to get students and parents focused on key factors they need to consider when choosing a school," says Bill Phelan, CEO of College Factual. "How long it will it take you to graduate? 4 or 6 years? What will your expected earnings be, and how does that compare? What's the risk of student loan default? These are tough questions any prospective student should be asking and we highlight these factors throughout our ranking process."

With a focus on providing sought-after data and unique decision-making tools, College Factual puts the college rankings process in the hands of students and parents and not those of institutions or national publications.

College Factual's ranking system is based on a series of algorithms that include information from the Department of Education, nationally mandated data reporting for institutions, and Payscale.

For more information about College Factual's rankings, visit www.collegefactual.com or contact media@collegefactual.com.

USDA and Softwood Lumber Board award $3 million to support tall wood demonstration projects in New York and Portland, Oregon

NEW YORK, Sept. 17, 2015 – Today, U.S. Secretary of Agriculture Tom Vilsack, in partnership with the Softwood Lumber Board and the Binational Softwood Lumber Council, announced the winners of the U.S. Tall Wood Building Prize Competition. The two winning development teams were granted a combined $3 million in funding to support the development of tall wood demonstration projects in New York and Portland, Oregon.

At a press conference hosted in New York this morning, Secretary Vilsack congratulated the competition winners. "The U.S. wood products industry is vitally important as it employs more than 547,000 people in manufacturing and forestry, with another 2.4 million jobs supported by U.S. private-forest owners," said Vilsack. "By embracing the benefits of wood as a sustainable building material, these demonstration projects have the ability to help change the face of our communities, mitigate climate change and support jobs in rural America. I look forward to seeing how these two buildings help lead the way in furthering the industry."

Next-generation lumber and mass timber products are becoming the latest innovation in building. Innovative new technologies and building systems have enabled longer wood spans, taller walls, and higher buildings, and continue to expand the possibilities for wood use in construction. Mass timber wood products are flexible, strong, and fire resistant, and can be used as a safe and sustainable alternative to concrete, masonry, and steel. Using wood helps to reduce greenhouse gas emissions by storing carbon and simultaneously offsetting emissions from conventional building materials. Wood can also help struggling rural forest communities. During the Recession, the drop in new construction and decline in home remodeling had a deep impact on wood manufacturing. However, if next-generation wood products can penetrate just five to fifteen percent of the non-residential North American market, it would mean roughly 0.8 - 2.4 billion board feet of lumber consumed annually. To put that in real-world context, roughly 35 jobs are created for each million board feet of wood processed.

The two winning proposals - Framework and 475 West 18th - were selected by a panel of distinguished jurors in the architecture and engineering fields who are familiar with innovative wood building systems. While each took a unique approach, both projects met the Competition's criteria to showcase the safe application, practicality and sustainability of a minimum 80-foot structure that uses mass timber, composite wood technologies and innovative building techniques.

Framework, LLC and 130-134 Holdings LLC - on behalf of Framework and 475 West 18th, respectively - will each receive $1.5 million to embark on the exploratory phase of their projects, including the research and development necessary to utilize engineered wood products in high-rise construction in the U.S. As part of the Competition evaluation criteria, both of the winning teams have also obtained early support from their respective authorities having jurisdiction to proceed.

"Tall wood building systems have been embraced by developers and architects around the world for many years," said Marc Brinkmeyer, Softwood Lumber Board Chair. "Moving forward with these projects is a step in the right direction for the U.S. building industry in having the ability to take full advantage of the inherent benefits of wood from both an environmental and economic standpoint."

Additional background information on the Competition, including the Official Rules and contact details can be found on the prize competition website at: www.tallwoodbuildingcompetition.org.

WINNING PROJECT SUMMARIES

Framework: An Urban + Rural Ecology

Beneficial State Bancorp will provide site control to real estate developer project^, affordable housing investor Home Forward, and LEVER Architecture, for the proposed Framework as a redevelopment of their Pearl District property in Portland, Oregon. The 12-story urban + rural ecological project is to be constructed primarily of cross-laminated timber (CLT) and will support a distinct blend of functions including street-level retail, office, workforce housing and community space. The main community space is designed to include a public Tall Wood Exhibit, featuring resources related to the realization and design of the building.

"We consider Framework to be a totally transformative, mission-driven project that will promote social justice, environmental well-being and economic opportunity at the building, regional and national levels," said Kat Taylor, President, Beneficial State Bancorp, the landowner of the project site.

"The relationship of our cities to our rural communities, what we call 'forest to frame,' is strengthened by Framework," added Tom Cody, Principal, project^. "On a national scale this project will be catalytic, leading to more tall wood buildings, driving more wood products and wood product innovation, and boosting rural economic development."

475 West 18th: Setting the Stage For Innovation, Engineering and Architecture

130-134 Holdings LLC, in partnership with Spiritos Properties, SHoP Architects, Arup, Icor Associates, and environmental consultancy Atelier Ten, proposed 475 West 18th as a transformative and sustainable prototype for the design and construction industry, demonstrating an innovative approach to going beyond a limited palette of materials and systems for high-rise construction. Expanding the palette with wood, a locally sourced and renewable material, provides a low-carbon, more economically sound building solution.

475 West 18th's extensive use of wood structural elements and other wood products allows the team to set ambitious sustainability targets in the building's design, construction, and operation. By combining aggressive load reduction with energy efficient systems, the project team anticipates reducing overall energy consumption by at least 50 percent relative to current energy codes. It will also target LEED Platinum certification, as well as pursue higher levels of sustainability not captured in the LEED system.

"By choosing to develop a timber building, we hope to pave the way for a new method of urban construction that is ecologically conscious and supportive of rural economies," said Erica Spiritos of Spiritos Properties. "Rooted in the forests and erected in the city, this building is a celebration of habitats that are at once ancient and cutting edge, interconnected and individual, natural and technological."

"We are delighted to be developing this tall timber building in New York City, which has led the world in urban design and engineering throughout the last century," said Jonathan Ghassemi, on behalf of 130-134 Holdings LLC. "We are confident that this project will once again position New York to serve as a leader in a new generation of sustainable building methods during the 21st century and beyond."

For more information and resources on tall wood buildings, please visit www.rethinkwood.com.

Competition Media Contact:

Jeanine Takala

Edelman Public Relations

T. (206) 664-7805

E. Jeanine.Takala@edelman.com

For more information on the USDA or the Forest Products Laboratory:

Office of Communications

T. (202)720-4623

E. Press@oc.usda.gov

For more information on the Softwood Lumber Board:

www.softwoodlumberboard.org

For more information on the Binational Softwood Lumber Council:

www.softwoodlumber.org

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DRAGONS LOVE TACOS FAMILY EVENT

Sunday, October 4, 2015

1:30-2:30 p.m.

Free admission; reservations required

Hooray!  The Muscatine Art Center is hosting our first party for dragons and kids!  All we need for a fun day is you and a few dragons to join us. There will be paper tacos to make and fire breathing dragons will be everywhere.  Ms. Laura will be in the studio for the story Dragons Love Tacos by Adam Rubin and illustrated by Daniel Salmieri.   "We all know dragons love tacos, especially Taco John's tacos," said Tom Hendricks, "I've never met a dragon who did not like tacos.  Taco John's is happy to support this kid friendly event that introduces children to the Tots programming at the Muscatine Art Center."

The Muscatine Art Center invites families to join us in celebrating National Taco Day! Sponsored by Taco John's, families can enjoy a free taco to top off the afternoon of fun.  After all, dragons love tacos.  If we have plenty of tacos nothing could possibly go wrong at our party.  Unless the dragons accidentally eat spicy salsa... And if a dragon accidentally eats spicy salsa . . . oh, boy. We're in red-hot trouble.

The Tots programming at the Muscatine Art Center is a great way to introduce your children to art.  Each class offers a story that is read to the children and several tot friendly art projects for them to do. The instructor is Laura Stahl, Programming Coordinator at the Muscatine Art Center.  "The children always find new and creative ways to participate in the art projects", said Laura Stahl. "I offer new projects to spark their imaginations and creativity at each class."

"Dragons Love Tacos is a heaping helping of silly.  Little kids will relate to the anti-spicy bias and chuckle over Salmieri's watercolor and gouache cartoon illustrations showing literally boatloads of tacos and all sizes of dragons enjoying their favorite food at pool parties, costume parties and, well, taco parties."?San Francisco Chronicle. And just remember, the way to a dragon's heart is always through his stomach!

"Last year Americans ate over 4.5 billion tacos! That's 490,000 miles of tacos, which could take you to the moon and back or, if you prefer, could, at 775-million pounds, equal the weight of two Empire State Buildings (nationaltacoday.com.)

Please call Laura at (563) 263-8282 to RSVP by Thursday, October 1, 2015. The event is free, but reservations are required.

To keep up-to-date on the latest Muscatine Art Center family activities, kids' and adult classes, programs, and exhibitions, connect with the Art Center on Facebook, Pinterest, Twitter, and Instagram. You may also email art@muscatineiowa.gov to be added to the Art Center's email list.

The Muscatine Art Center is located at 1314 Mulberry Avenue in Muscatine, Iowa. Hours are Tuesday through Friday from 10:00 a.m. to 5:00 p.m., Thursday evenings until 7:00 p.m., and Saturday and Sunday from 1:00 to 5:00 p.m. Admission is free. Donations are appreciated. Visit www.muscatineartcenter.org for more information about programs and events and to download a class brochure.

October 2, 2015    Pesticide Applicator Testing, Scott County Extension Office, 10-2 pm

October 3, 2015     Growing Along the River Fall Master Gardener Conference, Scott Community College, 8 am-4 pm.

October 21, 2015    Roadside, Forest, and Aquatic Pest Management, Scott County Extension, 9-11:30 am

October 27, 2015    Extension Council Meeting, Scoot County Extension Office, 7 pm

October 29. 2015    Mosquito and Public Health Pest Management, Scott County Extension, 9-11:30 am

Visit our events calendar at our web site:   http://dbs.extension.iastate.edu/calendar/

Branstad testifies on behalf of the National Governor's Association and The Council of Governors

(ARLINGTON, Va.) - Iowa Gov. Terry E. Branstad today delivered testimony before the National Commission on the Future of the Army in Arlington, Virginia.

"I encourage you to consider the Army National Guard's capabilities, value, and strategic importance for our states and the nation's security.  As Iowa's Commander-in-Chief, I want to ensure that our National Guard continues to remain an operational force as part of the Total Army, while delivering on the state mission," said Branstad.  "Governors urge this Commission to consider recommendations that will preserve the Army Guard's role as the combat reserve of the Army, resource and equip the Army Guard to meet both federal and state needs, and leverage the Guard's cost-effectiveness and operational capability as part of a Total Army solution for the future.  To do otherwise would risk wasting billions of dollars invested over the past decade in making the Guard an experienced, globally deployable and combat-ready force."

The governor's full testimony, as prepared for delivery, is as follows:

Chairman Ham, Vice Chairman Lamont and distinguished members of the Commission, I am Governor Terry Branstad from Iowa and co-chair of the Council of Governors. I am pleased to join Minnesota Governor Mark Dayton to testify on behalf of the National Governors Association, or NGA, and the Council of Governors, or Council.

We have submitted joint written remarks that we ask you to include in the formal record of today's proceedings. In the interest of time, Governor Dayton and I will each make a brief statement to provide you with additional state perspective.

I would like to thank the Commission for this opportunity to provide governors' views on the future of the Army.  We appreciate the Commission's efforts to seek governors' thoughts during your examination of the Army's force structure and aviation restructuring proposals. Governors particularly appreciated the participation of Vice Chairman Lamont and Commissioner Stultz during the NGA Summer Meeting in July.

Through NGA and the Council of Governors, we have made progress working with the Department of Defense to improve coordination and understanding of military issues between states and the federal government.  Since the beginning of the Council of Governors, we have worked with our federal partners to address issues affecting the security of our states and the nation.

As Co-Chair of the Council of Governors since 2011, I have seen firsthand the challenges and struggles that our federal partners have in handling major budget decisions. Governors also face difficult budget decisions.

The need for more robust dialogue led to the 2013 National Commission on the Structure of the Air Force.  I was pleased to see that through a collaborative process, 42 total force recommendations were submitted for consideration.  And the Air Force leadership embraced all but two recommendations.

I'm optimistic that through this Commission's efforts there will be as much progress bringing Army components together as we saw within the Air Force following the Air Force Commission. I encourage you to consider the Army National Guard's capabilities, value, and strategic importance for our states and the nation's security.  As Iowa's Commander-in-Chief, I want to ensure that our National Guard continues to remain an operational force as part of the Total Army, while delivering on the state mission.

I have witnessed many times the critical role that the National Guard plays for our nation.  In the last 13 years, we have mobilized more than 17,000 Iowa National Guardsmen and women for combat and combat support duties in Iraq and Afghanistan, peacekeeping duties in the Balkans and on the Sinai Peninsula, and for other operational missions around the globe.  Approximately 4,000 currently-serving Iowa National Guard Soldiers and Airmen are combat veterans, more than 45 percent of our force, the highest percentage in modern history.  And our men and women have operated in more than 35 different nations since 9/11.

In 2006-2007, during the Iraq surge, one of Iowa's infantry battalions was mobilized for over 22 months, making it one of the longest deployments for an Army unit during the Iraq war.  In 2010-2011, Iowa's 2nd Brigade Combat Team deployed in its entirety to Afghanistan, supporting the 101st Airborne Division's mission by conducting full-spectrum operations along the eastern border between Pakistan and Afghanistan.

Last January, one of Iowa's medical units was alerted to deploy in support of the West Africa Ebola mission, before it was cancelled due to changing demands managing the disease. Since the beginning of Operation Noble Eagle, Iraqi Freedom and Enduring Freedom, the Iowa National Guard has met every required operational assignment for deployment and has performed superbly.

While I understand the Army is facing difficult budget challenges, I believe that recent efforts to cut Army Guard force structure and remove the Guard's Apache helicopters is a step backwards and would make lasting, irreversible changes to the Guard.  It would undo years of progress by returning the Army Guard to a pre-9/11 role and fail to leverage its cost-effectiveness in retaining mission capability at home and overseas.

Specifically, the Army's Aviation Restructuring Initiative undermines the Guard's ability to augment the Army as its combat reserve and fails to leverage the National Guard's cost-effectiveness to retain additional manpower, expertise, and attack aircraft at a reduced cost to taxpayers.  I would agree that Apache aircraft have limited application for the homeland mission; however, I value and recognize the broader, long-term importance that strategic depth for the total force provides to states and the nation.

The Army also proposed reducing Army Guard end strength to its lowest level since the Korean War.  National Guard personnel, equipment and capabilities are key resources built into our states' emergency response plans and the federal National Response Framework.  The National Guard also has the unique ability to perform law enforcement functions that have proven valuable in the response to natural disasters, episodes of civil unrest and other national special security events.  These capabilities are enhanced by well-developed relationships with state and county emergency managers and local law enforcement agencies.

The turbulence created by force structure and personnel cuts affects people, readiness, training, equipment and facilities.  This all comes with a cost to implement, which the National Guard Bureau estimates would be about $179 million in its first year.  Funding to cover these costs was not included in the Army's fiscal year 2016 budget.  The Congressional Budget Office estimates that the cuts to Army Guard personnel would save the Army $170 million in its first year - $9 million less than the unfunded implementation costs. When these costs and long-term effects are considered, governors believe it simply does not make sense to implement the Army's proposals.  While some reductions to Army Guard force structure may ultimately be necessary, they should be done through a collaborative approach that considers future needs, limits turbulence, and maintains Guard readiness.

I would like to recommend that the following principles guide your work:

The National Guard must continue to serve as an operational force and the combat reserve for the Total Force;

The National Guard is a highly trained, battle tested asset that should continue to be properly resourced and equipped to meet the needs of both the federal government and states; and

The National Guard's cost-effectiveness should be leveraged to the fullest extent to meet the fiscal and operational challenges confronting the Total Army.

As the Army is forced to evolve in the wake of declining budgets and continuing global instability, I hope this Commission will help bring the Total Army together to address these challenges in partnership.

Governors urge this Commission to consider recommendations that will preserve the Army Guard's role as the combat reserve of the Army, resource and equip the Army Guard to meet both federal and state needs, and leverage the Guard's cost-effectiveness and operational capability as part of a Total Army solution for the future.  To do otherwise would risk wasting billions of dollars invested over the past decade in making the Guard an experienced, globally deployable and combat-ready force.

I will continue to advocate for a strong Guard that is "Always Ready - Always There."  The Commission is an important voice in this endeavor.  On behalf of the State of Iowa, and my fellow governors, thank you for the opportunity to appear before you today.

 

I look forward to hearing Governor Dayton's perspective and answering any questions you may have.

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As part of an initiative to raise support for The Mississippi Valley Blues Society, MVBS will be presenting the Zach Harris Band and MVBS Band of Bands at Kavanaugh's Hilltop Tap, 1228 30th Street, Rock Island, IL, on Saturday, September 26. The show will start at 8:00 p.m. with doors opening at 7:00 p.m. Admission is $8 for members of the Mississippi Valley Blues Society or $10 if you are not a member (membership applications will be available at the door).

The Zach Harris Band is the 2015 Preliminary Round winner of the Iowa Blues Challenge and took 2nd Place in the Final Round of the blues band competition in Des Moines, IA. They'll kick things off with a solid fury of blues that you would expect from a longstanding, hardworking group that has been heavily influenced by Chicago and Texas blues, as well as old school Mississippi Delta blues.

In addition to the night's expectations, MVBS has put together a Band of Bands, bringing together eight Quad City musicians to create a full-size melting pot of blues. The Band of Bands was formed by drawing together members of different Quad City based blues bands that share a love for the music. Band of Bands includes Zach Harris, Hal Reed, Kellen Myers, Randy Leasman, QC Slim, Jamie Hopkins, Malone, and Ziggy. All together the eight musicians have been heavily influences with all of the national favorites - BB, Albert and Freddie King, Stevie Ray Vaughan, Jimi Hendrix, Derek Trucks, Muddy Waters, Eric Clapton - just to name a few. With such a collective wide range of influences, Band of Bands will have you well branded with what the Quad Cities blues scene has to offer.

"This is by no means a full slate of all the quality musicians in the Quad Cities," states Zach Harris. "We will welcome all blues musicians to join us in making this a memorial and profitable night for MVBS."

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Senator Grassley today introduced his Know Before You Owe Federal Student Loan Act of 2015.

Floor Statement of Sen. Chuck Grassley on

The Know Before You Owe Federal Student Loan Act of 2015

Delivered Wednesday, Sept. 16, 2015

Student debt is a big, and growing concern for millions of American graduates.  As we look at ways of addressing this issue, it is important to keep in mind that about 90% of that debt is owed to the federal government.  The federal government currently holds more than $1 trillion in student loan debt.  That makes the U.S. Department of Education one of the country's largest lenders.  As such, any solution to the debt problem needs to examine the federal government's lending practices.

Federal banking regulations require commercial lenders to confirm a borrower's ability to repay the loan.  Federal student loans are given out without a credit check or any analysis of the student's ability to repay the loan in the future.  This is intentional since many prospective college students have no credit and little to no income, but it also puts all the burden on student borrowers to make sure they don't borrow too much.

As a nation, we have accepted that it makes moral and financial sense to assist low-income Americans in accessing higher education opportunities, and we do that to the tune of billions of dollars through Pell Grants, subsidized student loans, and many other student aid programs.  However, while need-based federal student aid is vital to help students who could not otherwise afford to attend college, students are able to borrow well in excess of their financial need and potentially in excess of what they will be able to repay.

College financial aid offices are required to issue federal loans up to the full amount for which the student is eligible even if a financial aid administrator knows a student is borrowing more than the student needs and will likely have trouble repaying.  Think about that.  Even if the financial aid administrator knows the student plans to put the funds toward an engagement ring or a sports car, federal rules say they must issue the loan.  If a bank followed the same rules as the federal government, it would be accused of predatory lending.

There have been lots of suggestions about how to address the student debt issue, but if you don't tackle the root of the problem, it's like closing the barn door after the horse has gotten out.  A good place to start is looking at how our current federal student lending practices may be helping to fuel the student debt problem.  For example, about 60% of students at the University of Iowa graduate with debt, and their average debt is $25,000.  However, the University estimates that of that $25,000 average figure, about $13,000, or 60%, is debt that was incurred to pay for tuition, room and board, books, etc. and the remainder is for what can be called lifestyle expenses.  In other words, about 40% of the average student debt taken out by University of Iowa students goes toward lifestyle enhancing extras, like eating out and buying designer coffee drinks.

The Senate Health, Education, Labor, and Pensions Committee will be looking at a number of reforms to the student loan program as it drafts legislation to reauthorize and reform the Higher Education Act.  I know Chairman Alexander has in the past proposed giving higher education institutions additional tools to reduce overborrowing.  I have worked with Senator Franken on some measures to provide more information about college costs when students are selecting a college in the first place, which will hopefully encourage more price competition to combat rising tuition.  There is room for a lot of innovation in higher education and I don't pretend to have the total solution to the problem of college costs and student debt.  What I am proposing is some simple, common sense first steps to empower students with the information they need to make sound financial decisions.

The Higher Education Act already contains a requirement for colleges to provide counseling to new borrowers of federal student loans.  However, the current disclosures in the law do not do enough to ensure that students understand the scope and impact of the debt they will face after graduation.  My "Know Before You Owe Federal Student Loan Act" strengthens the current student loan counseling requirements by making the counseling an annual requirement before new loans are disbursed rather than just for first time borrowers.  My bill then adds several key components to the information institutions of higher education are required to share with students as part of loan counseling.  Under my bill, colleges would have to provide an estimate of the student's projected loan debt-to-income ratio upon graduation.  This would be based on the starting wages for that student's program of study and the estimated total student loan debt the student will likely take out to complete the program.  That way, students will have a real picture of the student loan payments they will face and whether they will be able to afford those payments with their likely future income.

We often hear the statistics showing that, on average, a college degree results in higher earnings over a lifetime.  However, not all college degrees have the same earning potential and many students are in for a rude awakening when they graduate and find that what they are able to earn with their degree does not match their level of debt.  Students deserve to have this information when they are deciding how much to borrow, not after they graduate with unmanageable debt.

My bill will also ensure that students are counseled to borrow only the minimum amount necessary to cover expenses and informed that they do not have to accept the full amount of loans offered.  Students will also be given options for reducing borrowing through scholarships, reduced expenses, work-study, or other work opportunities.  Also, not graduating on time can significantly increase student loan debt so students will be counseled on the impact of adding an additional year of study to total indebtedness and how they can stay on track to graduate on time.

Crucially, the bill also requires that a student manually enter, either in writing or through electronic means, the exact dollar amount of federal direct loan funding that the student desires to borrow.  The current process almost makes borrowing the maximum the default option.  If you want to borrow less than is offered, you have to ask for less.  Because the amount of federal student loans a student is eligible to borrow is not limited by a calculation of financial need or ability to repay, it is important that the student make a conscious, informed decision about how much to borrow rather than simply accepting the total amount of federal student loans for which they are eligible.

Many schools already make a concerted effort to counsel students against overborrowing, and such efforts are showing signs of success in my home state of Iowa.

My alma mater, the University of Northern Iowa, created a program five years ago with the theme "Live Like a Student".  The program includes workshops and courses designed to educate students on the importance of living within their means while they are in school so they need not live like a student later in life.  As a result, the university has lowered average student debt from more than $26,000 to $23,163.

Grand View University has a Financial Empowerment Plan where students and families construct a comprehensive four-year financing plan.  Under this plan, borrowing is based on the student's future earning potential in the student's field of study.  The four-year plan also helps ensure students graduate on time and tuition increases are capped at 2% a year over those four years.

Iowa Student Loan, our state-based nonprofit lender, also has a program called the Student Loan Game Plan, which is an online, interactive resource that calculates a student's likely debt-to-income ratio.  It walks students through how their borrowing will affect their lifestyle in the future and what actions they can take now to reduce their borrowing.  As a result, in the past year, 18.2% percent of students who participated decreased the amount they had planned to borrow by an average of $3,680, saving students $2.1 million in additional loan debt.

My legislation would also require that students receive regular statements about their loan while they are in school just like they will when they graduate and start repaying.  With just about any other kind of loan, borrowers start getting statements right away and are expected to make payments.  With federal student loans, payments are not required until a period of time after graduation and no statements are sent out until that time.  So, students forget about their amount of debt they are accruing until they graduate and get their first bill.  What's more, many federal student loans still accrue interest while the student is in school, which will be added to the loan total when they start repaying.  That means that not only do students forget about how much debt they have while in school, making them less conscientious about living like a student, but their loan may actually be growing while they are in school.  Students have the option to pay that interest while they are in school so that it isn't capitalized into their loan.  However, few students take advantage of this option.  The regular statements that my bill calls for would encourage this practice so students get used to paying some amount toward their loans even before they graduate.  That will also make students more aware of their borrowing and less likely to overborrow each time they take out a new loan.

A college education generally remains a good investment.  However, when students' academic dreams become a nightmare upon graduation because they borrowed more from the federal government than they can afford to repay with the degree they earned, they understandably feel that something is wrong.  The federal government, as the lender making these loans, has a responsibility to at least ensure that students know what they are getting themselves into before they get in over their heads.  My legislation will do that.  I urge my colleagues to support this bill to help prevent more students from drowning in federal student loan debt.

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