New Student Loan Legislation

Another Student Loan Resource:
Student loans are the hot topic lately in the 110th Congress. It seems as if a day does not go by that there is not a new development. Barry Stevens created the following list that appeared in the April 26, 2007 issue of the National Council of Higher Education Loan Programs Inc.’s Daily Briefing:
 
“H.R.1608
Title: College Aid Made EZ Act. To expand college opportunities by significantly simplifying the Federal student aid application process.
Sponsor: Rep Miller, George [CA-7] (introduced 3/20/2007) Cosponsors (30)
Latest Major Action: 3/20/2007 Referred to House committee. Status: Referred to the House Committee on Education and Labor.
 
H.R.1718
Title: Foreign Language Education Expansion Act. To provide additional student loan forgiveness to teachers of foreign languages.
Sponsor: Rep Moore, Dennis [KS-3] (introduced 3/27/2007) Cosponsors (9)
Latest Major Action: 3/27/2007 Referred to House committee. Status: Referred to the House Committee on Education and Labor.
 
H.R.1758
To amend the Immigration and Nationality Act to provide status in each of fiscal years 2008 through 2012 for 65,000 H-1B nonimmigrants who have a master’s or Ph.D. degree and meet the requirements for such status and whose employers make scholarship payments to institutions of higher education for undergraduate and postgraduate education.
Sponsor: Rep Wu, David [OR-1] (introduced 3/29/2007) Cosponsors (2)
Latest Major Action: 3/29/2007 Referred to House committee. Status: Referred to the House Committee on the Judiciary.
 
H.R.1779
To amend the Higher Education Act of 1965 to extend loan forgiveness for certain loans to Head Start teachers.
Sponsor: Rep DeLauro, Rosa L. [CT-3] (introduced 3/29/2007) Cosponsors (11)
Latest Major Action: 3/29/2007 Referred to House committee. Status: Referred to the House Committee on Education and Labor.
 
H.R.1877
Title: LIBRARIAN Act. To authorize the cancellation of Perkins Loans for students who perform public service as librarians in low-income schools and public libraries.
Sponsor: Rep Becerra, Xavier [CA-31] (introduced 4/17/2007) Cosponsors (3)
Latest Major Action: 4/17/2007 Referred to House committee. Status: Referred to the House Committee on Education and Labor.
 
H.R.1994
Title: Financial Aid Accountability and Transparency Act of 2007. A bill to provide more transparency in the financial aid process and to ensure that students are receiving the best information about financial aid opportunities; to the Committee on Education and Labor, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sponsor: Mr. McKEON (for himself and Mr. Keller). Introduced 4/23/2007.
 
H.R.2023
A bill to establish a student loan forgiveness program for members of the Sudanese Diaspora to enable them to return to southern Sudan and contribute to the reconstruction effort of southern Sudan; to the Committee on Education and Labor.
Sponsor: Mr. TANCREDO (for himself, Mr. Holt, Mr. Bishop of Georgia, and Mr. Wolf). Introduced 4/24/2007.
 
S.938
Title: Accessing College through Comprehensive Early Outreach and State Partnerships Act. A bill to amend the Higher Education Act of 1965 to expand college access and increase college persistence, and for other purposes.
Sponsor: Sen Reed, Jack [RI] (introduced 3/20/2007) Cosponsors (5)
Latest Major Action: 3/20/2007 Referred to Senate committee. Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
 
S.939
Title: Financial Aid Form Simplification and Access Act. A bill to amend the Higher Education Act of 1965 to simplify and improve the process of applying for student assistance, and for other purposes.
Sponsor: Sen Reed, Jack [RI] (introduced 3/20/2007) Cosponsors (4)
Latest Major Action: 3/20/2007 Referred to Senate committee. Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
 
S.1047
Title: Generating Opportunity by Forgiving Educational Debt for Service Act of 2007. A bill to amend the Internal Revenue Code of 1986 to exclude from gross income amounts paid on behalf of Federal employees and members of the Armed Forces on active duty under Federal student loan repayment programs.
Sponsor: Sen Voinovich, George V. [OH] (introduced 3/29/2007) Cosponsors (2)
Latest Major Action: 3/29/2007 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.
 
S.1066
Title: Medical Education Affordability Act. A bill to require the Secretary of Education to revise regulations regarding student loan repayment deferment with respect to borrowers who are in postgraduate medical or dental internship, residency, or fellowship programs.
Sponsor: Sen Dodd, Christopher J. [CT] (introduced 3/29/2007) Cosponsors (3)
Latest Major Action: 3/29/2007 Referred to Senate committee. Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
 
S.1121
Title: LIBRARIAN Act. A bill to authorize the cancellation of Perkins Loans for students who perform public service as librarians in low-income schools and public libraries.
Sponsor: Sen Reed, Jack [RI] (introduced 4/17/2007) Cosponsors (1)
Latest Major Action: 4/17/2007 Referred to Senate committee. Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
 
S.1167
Title: Civil Legal Assistance Attorney Loan Repayment Act. A bill to amend the Higher Education Act of 1965 in order to provide funding for student loan repayment for civil legal assistance attorneys.
Sponsor: Sen Harkin, Tom [IA] (introduced 4/19/2007) Cosponsors (None)
Latest Major Action: 4/19/2007 Referred to Senate committee. Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
 
S.1178
Title: Identity Theft Prevention Act of 2007. A bill to strengthen data protection and safeguards, require data breach notification, and further prevent identity theft; to the Committee on Commerce, Science, and Transportation.
Sponsor: Mr. INOUYE (for himself, Mr. Stevens, Mr. Pryor, and Mr. Smith). Introduced 4/20/2007.”
 
The student loan advisors at NextStudent are helpful and knowledgeable about student loans. They are a trusted source in getting you the appropriate information about your student loan consolidation, student loan options and helping students get the college financing they need. Go to www.nextstudent.com for more information.
 
Be sure to tune in next Thursday for my next blog on student loan advice.
 
Student Loan Girl
 
 
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