ERIC Number: ED345674
Record Type: Non-Journal
Publication Date: 1991-Oct
Reference Count: N/A
Assessing the Progress of Reauthorization: An Examination of Direct Lending.
National Association of Student Financial Aid Administrators, Washington, DC.
This paper offers information and analysis of the direct lending portion of the reauthorization of the Higher Education Act of 1965. The direct lending proposal is described in an opening letter to the reader as a provision that would make the Pell Grant Program an entitlement and raise the maximum award to $4,500 with provisions that would establish a single need analysis system, phase out several current programs by 1994, and establish a direct loan program in its place. The materials presented in this document relate to that proposal. A first section presents background on the issue including a discussion of how the proposal got underway and the Secretary of Education's initial assessment of the idea. Included here are materials from the Education Secretary, Lamar Alexander, detailing direct student loan options: the current programs with proposed policies, a full direct loan program, a mixed program, and expansion of the current direct loan program. Also presented is the draft legislation from the House of Representatives on direct lending along with a synopsis of that legislation. A letter from Representative Robert E. Andrews discusses the direct loan program and a paper from the Student Loan Marketing Association offers criticism of the proposal. A final section presents additional issues for consideration. (JB)
Descriptors: Banking, Educational Finance, Federal Legislation, Federal Programs, Financial Needs, Higher Education, Need Analysis (Student Financial Aid), Policy Formation, Student Loan Programs
National Association of Student Financial Aid Administrators, 1920 L Street N.W., Suite 200, Washington, DC 20036 (members $5, nonmembers $10).
Publication Type: Legal/Legislative/Regulatory Materials; Reports - General
Education Level: N/A
Authoring Institution: National Association of Student Financial Aid Administrators, Washington, DC.
Identifiers - Laws, Policies, & Programs: Higher Education Act 1965