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Student Aid and Fiscal Responsibility Act

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Title: Student Aid and Fiscal Responsibility Act  
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Subject: Health Care and Education Reconciliation Act of 2010, 111th United States Congress, André Carson, United States Department of Education
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Student Aid and Fiscal Responsibility Act

Student Aid and Fiscal Responsibility Act
Great Seal of the United States
Long title Section 2, Division III of Health Care and Education Reconciliation Act.
Acronyms (colloquial) SAFRA
Enacted by the 111th United States Congress
Legislative history
  • Introduced in the House by DCA)
  • Signed into law by President Barack Obama on March 30, 2010

The Student Aid and Fiscal Responsibility Act of 2009 (SAFRA; H.R. 3221) is a Pell Grants to a maximum of $5,500 in 2010 and tie increases in Pell Grant maximum values to annual increases in the Consumer Price Index plus 1%. It would also end the practice of federally subsidized private loans, using all federal student loan funding for Direct Loans and potentially cutting the federal deficit by $87 billion over 10 years.

On September 17, 2009, the House approved the bill by a 253-171 margin.[1] SAFRA was included in the health care reconciliation bill that passed on March 21, 2010 by a vote of 220-211 and signed into law on March 30, 2010 by President Obama.

On March 18, 2010, the text of this act was included as a rider on the Reconciliation Act of 2010,[2] which was an amendment to the Patient Protection and Affordable Care Act.

References

  1. ^ http://www.google.com/hostednews/ap/article/ALeqM5jVuDCHzaPCyO_KpNM1MuwzSfNLJgD9AP7VQG0
  2. ^ http://www.opencongress.org/bill/111-h4872/text?version=rh&nid=t0:rh:13783
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