CRS Issues Detailed Report on SAFRA

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This new Congressional Research Service report discusses federal student loan reform, the costs of the SAFRA changes, and much more.  Here’s some excepts from the report’s summary:

In addition to terminating the authority to make loans under the FFEL program, Title II, Part A of the Amendment to H.R. 4872 would fund expansions of existing HEA programs and benefits, including the Federal Pell Grant program, the William D. Ford Federal Direct Loan (DL) program, programs serving Historically Black Colleges and Universities (HBCUs) and other Minority-Serving Institutions, and the College Access Challenge Grant program. It would also amend the income-based repayment (IBR) plan.

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This report reviews and briefly describes the proposals contained in the Amendment to H.R. 4872, particularly those which amend programs authorized under HEA. It will be updated as warranted to track legislative developments.