Student Aid Reward Act of 2007

Summary

Student Aid Reward Act of 2007 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Secretary of Education to carry out a Student Aid Reward (SAR) Program of payments to encourage institutions of higher education (IHEs) to participate in the student loan program under title IV that is most cost-effective for taxpayers. Requires that a SAR payment to an IHE equal at least 50% of the savings to the federal government generated by the IHE's participation in the most cost-effective student loan program, rather than one not cost-effective for taxpayers. Requires IHEs receiving SAR payments to: (1) provide student loans under that most cost-effective program for five years after the payment date; and (2) use payment funds, where appropriate, to supplement student Pell Grants. Allows such funds to be used also to award need-based grants to lower and middle income graduate students.

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Timeline

1. 13 February 2007

   Introduced

   Referred to the House Committee on Education and Labor.

   Source: IntroReferral

2. 13 February 2007

   Introduced

   Sponsor introductory remarks on measure. (CR E339-340)

   Source: IntroReferral

3. 13 February 2007

   Introduced

   Introduced in House

   Source: IntroReferral

4. 13 February 2007

   Introduced

   Introduced in House

   Source: IntroReferral

5. 5 June 2007

   Referred

   Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 13 February 2007 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 13 February 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 13 February 2007

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 13 February 2007

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  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Miller, George [D-CA-11] · D · Sponsor
• Rep. Petri, Thomas E. [R-WI-6] · R · Sponsor
• Rep. Napolitano, Grace F. [D-CA-32] · D · Cosponsor
• Rep. Davis, Danny K. [D-IL-7] · D · Cosponsor
• Rep. Kildee, Dale E. [D-MI-5] · D · Cosponsor
• Rep. Grijalva, Raúl M. [D-AZ-7] · D · Cosponsor
• Rep. Porter, Jon C. [R-NV-3] · R · Cosponsor
• Rep. Bartlett, Roscoe G. [R-MD-6] · R · Cosponsor
• Rep. Tierney, John F. [D-MA-6] · D · Cosponsor
• Rep. Berman, Howard L. [D-CA-28] · D · Cosponsor
• Rep. Brown, Corrine [D-FL-5] · D · Cosponsor
• Rep. McCollum, Betty [D-MN-4] · D · Cosponsor
• Sen. Van Hollen, Chris [D-MD] · D · Cosponsor
• Rep. Kucinich, Dennis J. [D-OH-10] · D · Cosponsor
• Rep. Bishop, Sanford D. [D-GA-2] · D · Cosponsor
• Rep. Cummings, Elijah E. [D-MD-7] · D · Cosponsor
• Rep. Payne, Donald M. [D-NJ-10] · D · Cosponsor
• Rep. McGovern, James P. [D-MA-2] · D · Cosponsor
• Rep. Ruppersberger, C. A. Dutch [D-MD-2] · D · Cosponsor
• Rep. Capps, Lois [D-CA-24] · D · Cosponsor
• Rep. McNulty, Michael R. [D-NY-23] · D · Cosponsor
• Rep. Sires, Albio [D-NJ-13] · D · Cosponsor
• Rep. Sutton, Betty [D-OH-13] · D · Cosponsor
• Sen. Hirono, Mazie K. [D-HI] · D · Cosponsor
• Rep. Sánchez, Linda T. [D-CA-38] · D · Cosponsor
• Rep. Gonzalez, Charles A. [D-TX-20] · D · Cosponsor
• Rep. Lofgren, Zoe [D-CA-18] · D · Cosponsor
• Rep. DeFazio, Peter A. [D-OR-4] · D · Cosponsor
• Rep. Levin, Sander M. [D-MI-12] · D · Cosponsor
• Rep. Emanuel, Rahm [D-IL-5] · D · Cosponsor
• Rep. Jefferson, William J. [D-LA-2] · D · Cosponsor
• Rep. Moore, Gwen [D-WI-4] · D · Cosponsor
• Rep. Waxman, Henry A. [D-CA-33] · D · Cosponsor
• Rep. Wynn, Albert Russell [D-MD-4] · D · Cosponsor
• Rep. Hare, Phil [D-IL-17] · D · Cosponsor
• · hsed00 · Standing

Related records

• related to ← Student Aid Reward Act of 2007