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ERIC Number: ED194027
Record Type: RIE
Publication Date: 1980-Oct
Pages: 22
Abstractor: N/A
Reference Count: 0
ISBN: N/A
ISSN: N/A
Student Assistance Education Amendments of 1980.
Office of Student Financial Assistance (ED), Washington, DC.
Information and guidelines for implementing the various amendments to the federal student financial aid programs are provided. The provisions are effective October 1, 1980 through 1985, except for the Guaranteed Student Loan Program amendments, effective January 1, 1980. General provisions are outlined, concerning the new administrative cost allowance, need analysis formula, the authorized "cost of attendance," required student consumer information services, forms, and penalties for noncompliance. Changes and considerations in the Basic Educational Opportunity Grants Program (BEOG) include an immediate name change to the Pell Grant Program, extension of eligibility time, maximum grant changes, and institutional funding threshhold changes. Provisions for the Supplementary Educational Opportunity Grant Program (SEOG) include maximum grant increases, elimination of the matching requirement, reporting and funds transfer requirements, increase in duration of eligibility, and allocations for part-time students. Changes in the College Work-Study Program (CWS) include a federal minimum wage requirement, allocations for part-time students, and changes in allocation for institutional job location and development programs. Changes in the National Direct Student Loan Program (NDSL) generally apply to promissory note and information requirements. Guaranteed Student Loan Program (GSL) changes affect loan maximum levels, interest rate and grace period, and loans to parents. Provisions for the State Student Incentive Grant Program (SSIG) concern state reporting requirements, increase in annual maximum grant, inclusion of graduate and part-time students, and repeal of bonus allotments. (MSE)
Publication Type: Legal/Legislative/Regulatory Materials
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Office of Student Financial Assistance (ED), Washington, DC.
Identifiers: Basic Educational Opportunity Grants; College Work Study Program; Guaranteed Student Loan; National Direct Student Loan; Pell Grant Program; State Student Incentive Grants; Supplemental Educational Opportunity Grants