AACOM monitors and advocates on federal issues that address or may impact osteopathic medical education. Read on to learn about Student Financial Aid issues, related AACOM activity and additional resources.
Student Aid and Fiscal Responsibility Act of 2009
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On March 30, 2010, President Obama signed into law the Health Care and Education Reconciliation Act of 2010 (PL 111-152), making changes to the new health reform law, the Patient Protection and Affordable Care Act (PL 111-148). The act also overhauls federal financial aid programs and is a scaled-down version of HR 3221, the Student Aid and Fiscal Responsibility Act (SAFRA), which the House passed in September 2009 and the Senate had yet to address. The act makes the federal government the sole originator of federal loans to college students, shifting student lending from the bank-based Federal Family Education Loan (FFEL) Program to the Direct Loan Program, and provides funding to sustain the Pell Grant Program. Please click here for a summary of key student loan provisions of importance to osteopathic medical education. |
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- The House of Representatives passed the SAFRA of 2009 on 9/17/09 and sent the bill to the Senate. The Senate is not expected to take up the legislation until consideration of the health reform measure is completed.
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- Representative George Miller (D-CA), Chairman of the House Committee on Education and Labor, introduced the Student Aid and Fiscal Responsibility Act (SAFRA) of 2009 on 7/15/09. Full committee markup occurred on 7/21/09. The legislation implements most of President Obama's FY2010 budget proposals for student financial aid, including a switch to 100% direct lending, indexing the maximum Pell Grant to inflation plus 1%, reengineering the Perkins Loan program, and establishing the College Access Challenge Grant program.
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| Updated: 4/2/2010 |
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