Student Aid and Fiscal Responsibility Act – Part 2
September 4th, 2009 by B
Author: Alexey Klementiev
Need Analysis (Title I, Sec. 122):
A student will not be able to receive the Federal Pell Grant, Stafford Loan, or work assistance if the student’s parents or the student has assets greater than $150,000.
Eligibility Change (Title I, Sec. 123):
A student convicted of selling drugs during a school enrollment will now be eligible to receive grants, loans, or work assistance after a two year period of ineligibility. If a second offense is committed, the student will not be able to receive any of the benefits.
Federal Family Education Loan Appropriations (Title I, Sec. 201):
This program is to be terminated June 30, 2010.
H.R. 3221 was reported to the House of Representatives.
Email the House of Representatives
- Posted in Education