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e-Library > Student Loan Legislation > HEA Legislation > 2009-2010 Legislation >
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Student Loan Forgiveness and Repayment Assistance
Act of 2010 (S. 3281)
The bill seeks to expand student loan forgiveness and provide loan-repayment assistance. Specifically, it would: Expand eligibility for the Income Based Repayment Program by reducing the percentage from 10% to 7%; reduce the number of years before forgiving debt from 20 years down to 15 years; Allow for forgiveness of federal student loan debt after only five years of public service, forgiving a portion each year for years 6 through 10, and then forgiving any remaining balance after the 10th year; Reduce the interest rate to 3.5% for loans made under the health profession loan, primary care loan, and nursing loan programs; extend the health professions loan program to include physicians’ assistants; create a competitive grant pilot program for Minority Serving Institutions to encourage higher enrollments and graduation rates; establish an Assistant Secretary to evaluate and promote accessibility and affordability in higher education.
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Restoring American Financial Stability Act of 2010
(S. 3217)
As approved by the Senate on May 20, 2010. The bill seeks to overhaul the nation's financial regulatory system in part by establishing a Consumer Financial Protection Bureau to be housed at the Federal Reserve.
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H.R. 5458 - To amend the Truth in Lending Act and
the Higher Education Act of 1965 to require additional disclosures and protections for students and cosigners with respect to student loans, and for other purposes.
The bill has been referred to both the House Financial Services and Education and Labor Committees for consideration. The bill has three co-sponsors: Representatives Elijah Cummings (D-MD), Bill Pascrell (D-NJ) and Steven Rothman (D-NJ).
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H.R. 5448 - To amend section 466(b) of the Higher
Education Act of 1965 to extend the deadline for the distribution of late collections for the Federal Perkins Loan program.
A bill that would extend the current October 2012 end date for recycling Perkins Loan payments into new Perkins loans by one year. The bill has three cosponsors, Education and Labor Committee Chairman George Miller (D-CA), and Representatives Tim Bishop (D-NY) and Cathy McMorris Rodgers (R-WA). It has been referred to the House Education and Labor Committee.
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American Jobs and Closing Tax Loopholes Act of
2010 (H.R. 4213)
The bill
contains language to extend through 2010 the above-the-line tax deduction for qualified education expenses, to extend the Build America Bond program for two years, to extend through 2011 the current exclusion of tax-exempt private activity bonds from the alternative minimum tax (AMT), and provide for use of the 2009 poverty guidelines throughout 2010. The bill does however eliminate the higher education tuition deduction for taxpayers who could receive a greater benefit from the Hope or Lifetime Learning tax credits.
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Wall Street Reform and Consumer Protection Act of
2009 (H.R. 4173)
As approved by the House on December 11, 2009. The legislation would create a new
Consumer Financial Protection Agency that would have the power to regulate consumer financial products,
potentially including mortgages, credit cards, student loans, annuities and bank accounts.
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Keep Our Educators Working Act (S. 3206)
Introduced by Senator Tom Harkin (D-IA), the bill would create a $23 billion Education Jobs Fund to help keep teachers and school administrators on the job. The bill has been referred to the Senate HELP Committee.
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A bill to provide for the establishment of a
Private Education Loan Ombudsman. (S. 2733)
The bill was introduced by Senator Sherrod Brown (D-OH) on November 5, 2009. It has been referred to the Senate Committee on Health, Education, Labor and Pensions.
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To express the sense of Congress that the Federal
Pell Grant program should be a high funding priority. (H.R. 5198)
Introduced by Representative Erik Paulsen (R-MN), the bill calls for full funding of Pell Grants, as the program currently faces an estimated $5 billion budgetary shortfall. The bill has been referred to the House Committee on Education and Labor.
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College Debt Swap Act of 2010 (H.R. 5055)
Legislation to establish a temporary private education loan debt consolidation program intended to assist eligible borrowers in refinancing all or a portion of their private education debt as Federal Direct Consolidation loans and provide additional funds for Pell Grants.
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Private Student Loan Bankruptcy Fairness Act
of 2010 (H.R.5043)
Legislation that would make private educational loans (other than loans made, insured or guaranteed, or funded in whole or in part, by a governmental unit) dischargeable in bankruptcy like any other consumer loan.
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Health Care and Education Reconciliation Act
of 2010 (H.R.4872/Public Law 111-152)
Includes healthcare and student loan reform.
(Signed into law 03/30/2010)
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NCHELP Summary of Select Provisions to PL 111-152
Health Care and Education Reconciliation Act of 2010.
As passed by the House of Representatives on March 25, 2010 and signed into law on March 30, 2010.
Type:
PDF
Size: 119.0 KB
Pages: 3
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NCHELP PowerPoint Presentation on PL 111-152,
Health Care and Education Reconciliation Act of 2010
As signed into law March 30, 2010.
Type:
PPT
Size: 278.0 KB
Pages: 14
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Congressional Research Service Analysis of SAFRA
This report reviews and briefly describes the proposals contained in the Amendment to H.R. 4872, particularly those which amend programs authorized under HEA.
Type:
PDF
Size: 1246.0 KB
Pages: 20
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Side-By-Side of PL 111-152 (HCERA)
Summary of the HCERA, Part II (SAFRA Act)
Major Provisions Impacting Loan Programs
Prepared by NCHELP Program Regulations Committee
Updated: 08/02/2010
Type:
DOC
Size: 221.0 KB
Pages: 16
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Blackline of HEA with PL 111-152 Incorporated
HEA, Title IV - Parts B, D, G & I
as signed into law
Revised: 04/13/2010
Type:
PDF
Size: 1670.0 KB
Pages: 226
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Blackline of HEA with PL 111-152 Incorporated
HEA, Title IV -- Parts A, C, E, F, H & J; also select portions of Titles VII & VIII
as signed into law
Revised: 04/13/2010
Type:
PDF
Size: 925.0 KB
Pages: 157
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Blackline of HEA with PL 111-152 Incorporated
HEA, Title I -- select portions
as signed into law
Revised: 04/13/2010,
Type:
PDF
Size: 307.0 KB
Pages: 59
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Disclaimer
These blacklines are offered for informational purposes only. While best efforts have been made to reflect the changes made by H.R. 4872. NCHELP does not guaranty the accuracy of the blackline. Furthermore, the base document used for the blacklines reflects the compilation of blacklines produced following prior amendments to the Higher Education Act, and NCHELP similarly does not guaranty the accuracy of that compilation.
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Does Public Money Need Private Administration?
Audio excerpt from the 03/24/2010 edition of the Los Angeles-based NPR talk show, To the Point, host Warren Olney interviewed guests about “Student Loans: Does Public Money Need Private Administration?” Guests on the program were Brett Lief, President of NCHELP, Seth Stern, Legal Analyst, CQ Politics, Lauren Asher, President, Institute for College Access and Success, Jason Delisle, Director, New America Foundation's Federal Education Budget Project and Anna Griswold, Executive Director of Student Aid, Penn State University.
This file is 16MB and may take some time to download depending on connection speed.
Type:
Size: 17199.0 KB
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ECASLA Extension Bill (S. 2796)
A bill to extend the authority of the Secretary of Education to purchase guaranteed student loans for an additional year, and for other purposes.
Introduced 11/18/2009
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ECASLA Extension Bill (H.R. 4103)
To extend the authority of the Secretary of Education to purchase guaranteed student loans for an additional year, and for other purposes.
Introduced 11/18/2009
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Student Aid and Fiscal Responsibility Act of 2009
(H.R. 3221)
As passed by the House of Representatives on 09/17/2009.
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CBO Cost Estimate
Congressional Budget Office Cost Estimate of the Student Aid and Fiscal Responsibility Act of 2009 as ordered reported by the House Committee on Education and Labor on July 21, 2009.
Type:
PDF
Size: 48.0 KB
Pages: 12
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NCHELP Summary of Select Provisions
A summary of selected sections of H.R. 3221, as passed by the House of Representatives on 09/17/2009.
Type:
PDF
Size: 35.0 KB
Pages: 4
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Blackline of HEA with HR 3221 Incorporated
(draft working document)
(H.R. 3221) into the HEA, TitleIV-Parts B, D, G & I
Passed by House: 09/17/2009
Type:
PDF
Size: 2071.0 KB
Pages: 230
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Blackline of HEA with HR 3221 Incorporated
(draft working document)
(H.R. 3221) into the HEA, Title IV-Parts A, C, E, F, H and J; also select portions of Titles VII and VIII
Passed by House: 09/17/2009
Revised: 10/20/2009
Type:
PDF
Size: 1729.0 KB
Pages: 170
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Disclaimer
These blacklines are offered for informational purposes only. While best efforts have been made to reflect the changes made by H.R. 3221, as passed by the House, NCHELP does not guaranty the accuracy of the blackline. Furthermore, the base document used for the blacklines reflects the compilation of blacklines produced following prior amendments to the Higher Education Act, and NCHELP similarly does not guaranty the accuracy of that compilation.
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List of Bill Co-sponsors
List of co-sponsors of H.R. 3221
Type:
DOC
Size: 32.0 KB
Pages: 1
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HEA Technical Corrections (PL 111-039)
An act to make technical corrections to the Higher Education Act of 1965, and for other purposes. Originally introduced as H.R. 1777 and signed into law July 1, 2009.
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Blackline of HEA Technical Corrections Act
(H.R. 1777) into the HEA, TitleIV-Parts B, D, G & I
Signed into law: 07/01/2009
Revised: 08/04/2009
Type:
PDF
Size: 2145.0 KB
Pages: 244
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Blackline of HEA Technical Corrections Act
(H.R. 1777) into the HEA, Title IV-Parts A, C, E, F, H and J
Signed into law: 07/01/2009
Revised: 09/18/2009
Type:
PDF
Size: 976.0 KB
Pages: 168
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Blackline of HEA Technical Corrections Act
(H.R. 1777) into the HEA, Title I
Signed into law: 07/01/2009
Revised: 10/29/2009
Type:
PDF
Size: 375.0 KB
Pages: 62
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American Recovery and Reinvestment Bill of 2009
(H.R. 1)
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Conference Report - Appropriations Portion
Type:
PDF
Size: 13947.0 KB
Pages: 496
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Conference Report - Tax Portion
Type:
PDF
Size: 6204.0 KB
Pages: 577
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Senate Appropriations Provisions
Type:
PDF
Size: 73.0 KB
Pages: 14
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Senate Chairman's Mark
Type:
PDF
Size: 347.0 KB
Pages: 95
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Tax Provisions
Type:
PDF
Size: 601.0 KB
Pages: 328
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Special Allowance Provisions
Issued 1/15/2009
Type:
PDF
Size: 108.0 KB
Pages: 3
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Full Committee Print
Issued 01/15/2009
Type:
PDF
Size: 488.0 KB
Pages: 258
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Press Summary
Issued 01/15/2009
Type:
PDF
Size: 122.0 KB
Pages: 13
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TARP Reform Bill (H.R. 384)
To reform the Troubled Assets Relief Program of the Secretary of the Treasury and ensure accountability over such program.
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Manager's Amendment
Type:
PDF
Size: 399.0 KB
Pages: 32
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