ERIC Number: ED212205
Record Type: Non-Journal
Publication Date: 1981-May-11
Reference Count: N/A
Student Assistance Amendments of 1981. Hearing Before the Subcommittee on Education, Arts and Humanities of the Committee on Labor and Human Resources, United Senate, 97th Congress, First Session on S. 1108.
Congress of the U.S., Washington, DC. Senate Subcommittee on Education, Arts and Humanities.
Hearings held before the Senate Subcommittee on Education, Arts, and Humanities on the Student Assistance Amendments of 1981 are presented, along with the text of S. 1108. A major objective of the bill is to amend Title IV of the Higher Education Act of 1965 to emphasize the element of need in the Guaranteed Student Loan (GSL) program and the Direct Student Loan Program. It would eliminate convenience borrowing in the GSL program, but it would retain the critically important in-school interest subsidy for all students, while affording middle income families with high college costs continued access to loans. In the Pell grant program, S. 1108 would allow the Secretary of Education to establish a series of progressive assessment rates on discretionary income, subject to the congressional review process, which would offer greater equity to the lowest income students for whom the program was intended. Attention also is directed to the Reagan plan, which proposes to reduce student GSL demand by eliminating the interest-free feature on all new loans and to limit eligibility on the basis of need. The Administration proposal also would charge a market rate of interest for the recently authorized parent loan option under the GSL program. Supplementary materials include: a discussion paper from the Washington office of the College Board, "Options for Controlling Federal Costs While Preserving Needed Credit for College;" and "Votes by Which Higher Education Legislation Passed Since 1965, Date of First Enactment," submitted by Senator Randolph. (SW)
Descriptors: Educational Legislation, Eligibility, Family Income, Federal Aid, Federal Legislation, Higher Education, Interest (Finance), Low Income, Middle Class, Need Analysis (Student Financial Aid), Parent Financial Contribution, Student Financial Aid, Student Loan Programs
Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402.
Publication Type: Legal/Legislative/Regulatory Materials
Education Level: N/A
Authoring Institution: Congress of the U.S., Washington, DC. Senate Subcommittee on Education, Arts and Humanities.
Identifiers - Laws, Policies, & Programs: Guaranteed Student Loan Program; National Direct Student Loan Program; Pell Grant Program