Docstoc

college student loan

Document Sample
college student loan Powered By Docstoc
					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
                                            Relief Bill
                          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.



                                                                   Press Releases




1 of 1                                                                                                                       10/30/2001 10:46 AM