Congress Looks to Push Back Timeline for Student Aid Reform
Never the standard of self-discipline, it appears Congress will extend the deadline it set for itself to report student aid and healthcare reform bills out of committee. In April, Congress passed its 2010 budget resolution that required the House and Senate education committees to report a reconciliation bill with at least $1 billion in savings by Oct. 15. But since Congress makes the rules, they can also change the rules. The Senate Health, Education, Labor, and Pensions Committee (HELP) will likely miss that deadline and will be seeking an extension from the Senate Budget Committee to take up student aid reform in November. A final bill may not be ready or signed until November or December, and that would leave the estimated 3,100 schools currently in the FFEL program six months to convert into the Direct Loan program.














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