Kennedy Releases Senate Budget Reconciliation Bill

Abstract:

Chairman of the Senate Health, Education, Labor, and Pensions Committee Edward Kennedy (D-MA) released the Higher Education Access Act of 2007 yesterday as a companion bill to the Higher Education Amendments of 2007 released late Monday afternoon. While substantially shorter than the Higher Education Amendments of 2007 introduced by Kennedy on Monday, this bill is no less broad in nature by increasing access to federal student aid dollars, decreasing subsidies to lenders, and introducing a new student loan auction program for parent PLUS loans in the FFEL program. This article contains a summary of many of the provisions contained in this latest legislation. Both bills are scheduled for full committee markup in the Senate HELP Committee today.

The full article was originally published in NASFAA’s Today’s News on 6/20/07.