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STUDENT LOANS: 1998 AMENDMENTS (CRS Report for Congress)

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Release Date Revised Feb. 19, 1999
Report Number 98-291
Authors Margot A. Schenet, Education and Public Welfare Division
Source Agency Congressional Research Service
Older Revisions
  • Premium   July 8, 1998 (6 pages, $24.95) add
Summary:

The Higher Education Act of 1965 was reauthorized in the 105th Congress. Title IV of the act authorizes the two major student loan programs, the Federal Family Education Loan (FFEL) program and the Direct Loan program, which are the largest source of aid for students. Proposals for reauthorization assumed the continued existence of both programs; issues centered around student loan interest rates, other terms and conditions of loans in both programs, and guaranty agency financing in the FFEL.