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.

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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
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
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
introducedIn 111th United States Congress
legislativeBody United States Congress
opposedBy many private student loan lenders
some Republican members of Congress
partiallyEnactedThrough Health Care and Education Reconciliation Act of 2010
policyInstrument expansion of William D. Ford Federal Direct Loan Program
termination of new loans under Federal Family Education Loan Program
presidentialAdministration Barack Obama
primaryPolicyArea federal budget
higher education
student financial aid
relatedTo Federal Family Education Loan Program
Higher Education Act of 1965
Pell Grant program
William D. Ford Federal Direct Loan Program
shortName SAFRA
sponsorChamber House of Representatives
status not enacted as a standalone bill
supportedBy Barack Obama administration
yearProposed 2009

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Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Federal Family Education Loan Program reformedBy Student Aid and Fiscal Responsibility Act
HCERA relatedTo Student Aid and Fiscal Responsibility Act (provisions incorporated)
linked to: Student Aid and Fiscal Responsibility Act