Lawmakers wanted President Bush to sign an extension of the Higher Education Act (HEA) by June 30, 2006, when the current HEA was set to expire.
The bill, H.R. 5603, was proposed by Rep. Ric Keller (R-FL) on June 14, and was approved by the House of Representatives under suspension of the rules on June 21, 2006. During the debate on the House floor, whereas House Democrats backed the bill, they also criticized their Republican colleagues for reauthorizing a portion of the HEA in conjunction with the Deficit Reduction Act.
The Senate passed a comparable extension the following week on June 23. Initially, the Senate had included HEA reauthorization legislation as part of the Deficit Reduction Act; that piece of legislation was passed in February 2006. However, since only the student-loan provisions of their reauthorization bill made it into the final version of the Deficit Reduction Act, the Senate was forced to draw up and pass a new bill in an effort to tackle the rest of the stipulations outlined in HEA.
This extension will keep the current legislation active through September 30, 2006. Passing the HEA extension in the House and Senate does not make any amendments to the HEA the way it exists now. Because lawmakers have not been able to complete the reauthorization process for nearly two years, the HEA has already been extended numerous times.
The latest 90-day extension indicates that representatives and senators alike are still attempting to actually make the final editions to the reauthorization bill before the 109th Congress wraps things up this session. On the other hand, not everyone sees it that way. Various onlookers do not foresee that the HEA will be reauthorized this year; instead, they believe that when the 110th Congress convenes, it will have to begin the HEA reauthorization process from the very beginning.
The Higher Education Act (HEA) provides authorization to the major federal student aid programs that are responsible for the majority of financial assistance granted to postsecondary students. The premise behind its re-approval or reauthorization by Congress every five years the encouragement of growth and change within the program.
However, the present HEA reauthorization process has become entangled with the nation's budget reconciliation through the enactment of the Higher Education Reconciliation Act of 2005 (HERA). The HERA was signed into law on February 8, 2006; and it ad-dresses the budget-related provisions in the Higher Education Act. This leaves the remaining programs in the hands of lawmakers and dependent upon the completion of the reauthorization process.
Article Title : HEA Extension Passed
Comment not found for this article.
Share this story:
EdFed introduces… Awareness… Learnal
At, EdFed, we proudly introduce 'articles on student loans' and 'Learnal - the journal to learn from', our free newsletter on student loan management, which is sure to keep you informed of the latest events and happenings in the student loan market. To receive your copy of the above just use the RSS feed below and add this to your "My Yahoo", blogs, newstickers, and other similar channels accepting distributable content.
Click here to sign up for our Weekly Newswire now!
How EdFed Helped others!
EdFed saved me thousands of dollars! They gave me a low-fixed interest rate, borrower benefits, and low monthly payments. My loan counselors walked me through each step of the application process, and I felt very comfortable with my choice to consolidate with EdFed. I recommended EdFed to several of my classmates, and they too have had great experiences. I am so glad I found out what EdFed has to offer, there really is a difference between lenders! - David G. Dallas, TX
Student Loan Consolidation Info - How to Choose the Right Loan Company
The Career Resources column is presented by Granted, America's leading job search engine dedicated to getting people jobs.
Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.