Kennedy Introduces The Student Debt Relief Act Of 2007

Abstract

On January 22, Sen. Edward Kennedy (D-MA) introduced the Student Debt Relief Act of 2007 (S. 359) along with Senators Durbin (D-IL), Lieberman (D-CT), Mikulski (D-MD), Obama (D-IL), and Schumer (D-NY) as cosponsors.

“A new day has now dawned in Congress, and last week, our colleagues in the House showed they have their priorities right on college costs by cutting student loan interest rates in half,” Kennedy stated in a prepared statement in the Congressional Record. “Now it’s our turn in the Senate, but we won’t stop there.”

Kennedy, the Chairman of the Senate authorizing committee with jurisdiction over the Higher Education Act (HEA) of 1965, outlined many of the bill’s proposed changes to the HEA that would provide additional support to students. Some of the more prominent changes include the following.

Originally posted to NASFAA’s Today’s News 01.24.07