3.0.0 2815 2020-02-10T17:01:58Z 2020-02-10T17:01:58Z Senate S S 2008-04-03 110 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2008-04-03T18:57:23Z Ensuring Continued Access to Student Loans Act of 2008 110 5715 HR 2008-05-07 Became Public Law No: 110-227. Related bill CRS 2008-04-03 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S2442-2443) IntroReferral 2008-04-03 Sponsor introductory remarks on measure. (CR S2440-2442) IntroReferral B00100 9 Library of Congress 2008-04-03 Introduced in Senate IntroReferral 10000 9 Library of Congress K000105 Sen. Kennedy, Edward M. [D-MA] EDWARD KENNEDY D MA MOORE N S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2008-04-03 True M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2008-04-03 True D000388 Sen. Dodd, Christopher J. [D-CT] CHRISTOPHER DODD D CT JOHN 2008-04-03 True R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2008-04-03 True L000261 Sen. Levin, Carl [D-MI] CARL LEVIN D MI MILTON 2008-04-03 True H.R.5715 https://www.congress.gov/bill/110th-congress/house-bill/5715 Education Debtor and creditor Economics and Public Finance Families Federal aid to education Federally-guaranteed loans Finance and Financial Sector Higher education Parents Scholarships Student loan funds Education 00 2008-04-03 Introduced in Senate 2008-04-30T19:01:24Z Strengthening Student Aid for All Act - Amends the Higher Education Act of 1965 to increase the maximum annual and aggregate unsubsidized Stafford loan amounts that may be provided to undergraduate students under the Federal Family Education Loan (FFEL) program.

Allows parents of dependent students to defer PLUS FFEL principal repayment until such students cease to be enrolled as undergraduates on at least a half-time basis.

Directs the Secretary of Education to act as the secondary market of last resort for FFELs, until July 2009, by purchasing such loans from lenders who cannot sell them in the private financial markets and thereby raise the capital needed to make new loans. Permits the Secretary to act in such capacity after such date if economic conditions threaten timely, uninterrupted access to student loans.

Changes title IV need analyses by allowing the calculation of a negative expected family contribution. Increases the Pell Grant available to students whose expected family contribution is a negative number.

Allows institutions of higher education (IHEs) to participate in the FFEL lender-of-last-resort program, thereby requiring guaranty agencies serving as lenders of last resort to make FFELs to students of such IHEs regardless of their ability to otherwise obtain such loans. Authorizes the Secretary to advance needed funds to guaranty agencies acting as lenders of last resort in such situations.

]]> Strengthening Student Aid for All Act Short Titles as Introduced Strengthening Student Aid for All Act Display Title Strengthening Student Aid for All Act Official Title as Introduced A bill to amend the Higher Education Act of 1965 in order to increase unsubsidized Stafford loan limits for undergraduate students, provide for a secondary market for FFEL loans, allow for the in-school deferment of PLUS loans, augment the maximum Federal Pell Grant for the lowest income students, and expand the number of students eligible to obtain loans under the lender-of-last-resort program, and for other purposes. Introduced in Senate 2008-04-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s2815is/xml/BILLS-110s2815is.xml 2008-04-03 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S2442-2443) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.