Student Aid Reward Act of 2005
Latest action · Apr 18, 2005 Referred to the Subcommittee on 21st Century Competitiveness.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 17, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Student Aid Reward Act of 2005 - Amends the Higher Education Act of 1965 (HEA) title IV (Student Assistance) to direct the Secretary of Education to carry out a Student Aid Reward (SAR) Program of payments to institutions of higher education (IHEs) to encourage them to participate in the student loan program under title IV that is most cost-effective for taxpayers.
Requires that a SAR payment to an IHE equal at least 50 percent of the savings to the Federal Government generated by the IHE's participation in the most cost-effective student loan program, rather than one not cost-effective for taxpayers.
Requires IHEs receiving SAR payments to: (1) provide student loans under that most cost-effective program for five years after the payment date; and (2) use payment funds, where appropriate, to supplement students Pell Grants. Allows such funds to be used also to award need-based grants to lower and middle income graduate students.
Cosponsors 63
Members who signed on, in the order they did. Signatures ran from Mar 17, 2005 to Sep 14, 2006; 30 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-FL | Alcee L. Hastings | Original | Mar 17, 2005 |
| D-CA | Barbara Lee | Original | Mar 17, 2005 |
| I-VT | Bernard Sanders | Original | Mar 17, 2005 |
| D-MN | Betty McCollum | Original | Mar 17, 2005 |
| D-NC | Bob Etheridge | Original | Mar 17, 2005 |
| D-CA | Bob Filner | Original | Mar 17, 2005 |
| D-MI | Carolyn C. Kilpatrick | Original | Mar 17, 2005 |
| D-MD | Chris Van Hollen | Original | Mar 17, 2005 |
| D-MI | Dale E. Kildee | Original | Mar 17, 2005 |
| D-OR | David Wu | Original | Mar 17, 2005 |
| D-OH | Dennis J. Kucinich | Original | Mar 17, 2005 |
| D-CA | Diane E. Watson | Original | Mar 17, 2005 |
| D-MD | Elijah E. Cummings | Original | Mar 17, 2005 |
| D-CA | George Miller | Original | Mar 17, 2005 |
| D-WI | Gwen Moore | Original | Mar 17, 2005 |
| R-SC | Henry E. Brown, Jr. | Original | Mar 17, 2005 |
| D-IL | Janice D. Schakowsky | Original | Mar 17, 2005 |
| D-WA | Jim McDermott | Original | Mar 17, 2005 |
| D-MA | John F. Tierney | Original | Mar 17, 2005 |
| D-NY | Joseph Crowley | Original | Mar 17, 2005 |
| D-TX | Lloyd Doggett | Original | Mar 17, 2005 |
| D-GU | Madeleine Z. Bordallo | Original | Mar 17, 2005 |
| D-NY | Maurice D. Hinchey | Original | Mar 17, 2005 |
| D-CA | Nancy Pelosi | Original | Mar 17, 2005 |
| D-AZ | Raúl M. Grijalva | Original | Mar 17, 2005 |
| R-LA | Rodney Alexander | Original | Mar 17, 2005 |
| D-OH | Sherrod Brown | Original | Mar 17, 2005 |
| D-OH | Stephanie Tubbs Jones | Original | Mar 17, 2005 |
| D-NY | Steve Israel | Original | Mar 17, 2005 |
| D-NY | Timothy H. Bishop | Original | Mar 17, 2005 |
| D-NJ | Donald M. Payne | Apr 5, 2005 | |
| D-CA | Tom Lantos | Apr 13, 2005 | |
| D-MA | Barney Frank | May 3, 2005 | |
| D-NY | Carolyn McCarthy | Jun 14, 2005 | |
| R-NJ | Christopher H. Smith | Jun 14, 2005 | |
| D-FL | Robert Wexler | Jul 27, 2005 | |
| D-MI | Sander M. Levin | Sep 22, 2005 | |
| D-IL | Jesse L. Jackson, Jr. | Oct 6, 2005 | |
| D-NY | Michael R. McNulty | Nov 15, 2005 | |
| D-CA | Howard L. Berman | Mar 28, 2006 | |
| D-NY | Edolphus Towns | Mar 29, 2006 | |
| D-CA | Doris O. Matsui | Mar 30, 2006 | |
| R-PA | Michael G. Fitzpatrick | Apr 4, 2006 | |
| D-IL | Lane Evans | May 2, 2006 | |
| D-CA | Michael M. Honda | May 2, 2006 | |
| D-CA | Zoe Lofgren | May 2, 2006 | |
| D-MA | James P. McGovern | May 8, 2006 | |
| D-OR | Peter A. DeFazio | May 8, 2006 | |
| D-FL | Corrine Brown | May 10, 2006 | |
| D-NJ | Frank Pallone, Jr. | May 10, 2006 | |
| D-CA | Henry A. Waxman | May 10, 2006 | |
| D-VA | James P. Moran | May 10, 2006 | |
| R-PA | Jim Gerlach | May 10, 2006 | |
| D-TX | Charles A. Gonzalez | May 11, 2006 | |
| R-MD | Roscoe G. Bartlett | May 11, 2006 | |
| D-NY | Major R. Owens | May 16, 2006 | |
| D-CA | Susan A. Davis | May 16, 2006 | |
| D-NY | Charles B. Rangel | May 22, 2006 | |
| D-MD | C. A. Dutch Ruppersberger | May 25, 2006 | |
| D-MA | John W. Olver | Jun 6, 2006 | |
| D-GA | Sanford D. Bishop, Jr. | Jun 6, 2006 | |
| D-IL | Luis V. Gutierrez | Jul 10, 2006 | |
| D-NJ | Steven R. Rothman | Sep 14, 2006 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Education and Workforce Committee | Referred Mar 17, 2005 |
| Higher Education and Workforce Development Subcommittee | Referred Apr 18, 2005 |
Actions 3
Everything that happened, newest first.
- Apr 18, 2005Referred to the Subcommittee on 21st Century Competitiveness.
- Mar 17, 2005Introduced in House
- Mar 17, 2005Referred to the House Committee on Education and the Workforce.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 109-31 | FEDERAL STUDENT LOAN PROGRAMS: ARE THEY MEETING THE NEEDS OF STUDENTS AND SCHOOLS?140 pages | Oversight and Government Reform Committee | May 26, 2005 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 754 | Student Aid Reward Act of 2005 | Related bill | Apr 11, 2005 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To ensure that the Federal student loans are delivered as efficiently as possible, so that there is more grant aid for students.
- Short Titles as Introduced
- Student Aid Reward Act of 2005
Subjects
Assigned by the Library of Congress. Policy area: Education.
Text 1
Each version as it was printed, newest first.
- Mar 17, 2005Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.