Access and Equity in Higher Education Act - Amends the Higher Education Act of 1965 (HEA) to revise title IV student assistance programs with respect to: (1) higher maximum amounts for subsidized and unsubsidized student loans under the Federal Family Education Loan (FFEL) program; (2) existence or amount of origination fees under FFEL and Federal Direct Loan programs; (3) loan-flex programs with income-sensitive repayment plans; (4) consolidation loan interest rate variation based on income; and (5) loan forgiveness for public service employees.
Extends through FY 2010 the authorization of appropriations for programs for Historically Black colleges and universities, under HEA title III part B.