Student Aid and Fiscal Responsibility Act
E576953
The Student Aid and Fiscal Responsibility Act was a U.S. legislative proposal aimed at overhauling federal student loan programs by expanding direct lending, increasing funding for Pell Grants, and redirecting savings toward education and deficit reduction.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Student Aid and Fiscal Responsibility Act (provisions incorporated) | 1 |
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal legislative proposal
ⓘ
education finance reform proposal ⓘ |
| aimedTo |
contribute to federal deficit reduction
ⓘ
eliminate subsidies for private lenders in federal student loan programs ⓘ expand federal direct student lending ⓘ increase funding for Pell Grants ⓘ overhaul federal student loan programs ⓘ redirect savings from loan reforms to education programs ⓘ |
| beneficiary |
Pell Grant recipients
ⓘ
college students ⓘ low-income students ⓘ |
| chamberOfOrigin | United States House of Representatives NERFINISHED ⓘ |
| containsProvision |
funding for early childhood education initiatives
ⓘ
funding for school modernization and construction ⓘ increased maximum Pell Grant funding ⓘ investment in community colleges ⓘ mandatory funding for Pell Grants ⓘ support for historically Black colleges and universities ⓘ support for minority-serving institutions ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| fundingSource | savings from ending federal subsidies to private student loan lenders ⓘ |
| intendedEffect |
expand access to higher education
ⓘ
reduce federal expenditures on lender subsidies ⓘ simplify federal student loan system ⓘ support deficit reduction through education-related savings ⓘ |
| introducedBy | George Miller NERFINISHED ⓘ |
| introducedIn | 111th United States Congress NERFINISHED ⓘ |
| legislativeBody | United States Congress ⓘ |
| opposedBy |
many private student loan lenders
ⓘ
some Republican members of Congress ⓘ |
| partiallyEnactedThrough | Health Care and Education Reconciliation Act of 2010 NERFINISHED ⓘ |
| policyInstrument |
expansion of William D. Ford Federal Direct Loan Program
ⓘ
termination of new loans under Federal Family Education Loan Program ⓘ |
| presidentialAdministration | Barack Obama NERFINISHED ⓘ |
| primaryPolicyArea |
federal budget
ⓘ
higher education ⓘ student financial aid ⓘ |
| relatedTo |
Federal Family Education Loan Program
NERFINISHED
ⓘ
Higher Education Act of 1965 NERFINISHED ⓘ Pell Grant program NERFINISHED ⓘ William D. Ford Federal Direct Loan Program NERFINISHED ⓘ |
| shortName | SAFRA NERFINISHED ⓘ |
| sponsorChamber | House of Representatives NERFINISHED ⓘ |
| status | not enacted as a standalone bill ⓘ |
| supportedBy | Barack Obama administration NERFINISHED ⓘ |
| yearProposed | 2009 ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.