Press Release - House Passes "HEROES" College Student Loan Relief Bill http://edworkforce.house.gov/press/press107/heroesph102401.htm
News from the
Committee on Education and the Workforce
John Boehner, Chairman
FOR IMMEDIATE RELEASE CONTACT: Dave Schnittger
October 24, 2001 Telephone: (202) 225-4527
House Passes "HEROES" College Student Loan
H.R. 3086 Gives Education Secretary Authority to Provide Immediate Relief to
Students and Reservists Serving Our Nation’s Armed Forces
WASHINGTON, D.C. -- The House on Tuesday passed H.R. 3086, the Higher
Education Relief Opportunities for Students (HEROES) Act, by a vote of 415-0.
The bipartisan bill, authored by Rep. Howard P. "Buck" McKeon (R-CA) with 81
Republican and Democrat cosponsors, grants the Secretary of Education the
authority to grant waivers under Title IV of the Higher Education Act — which
governs federal student financial assistance programs — as he deems necessary.
Under the HEROES bill, the Secretary will be able to grant waivers to reservists
called up for active duty, relieving them from making federal student loan
payments while they serve our nation’s Armed Forces. To help those directly
affected by the September 11 terrorist attacks, it also would allow the Secretary to
relieve victims and their families by extending repayment terms and deadlines.
"As America is engaged in the war against terror, students serving in our Armed
Forces need our full support. The Education Secretary needs the authority to act
quickly to protect the interests of U.S. students as well as the integrity of the
financial aid programs themselves," said Rep. McKeon.
"We need to do all we can to support our men and women in the military. They
shouldn’t be expected to make federal student loan payments while they’re away
from their jobs and schools defending our freedom," McKeon said.
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