Student Aid Reward Act of 2005
Latest action · Apr 11, 2005 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S3430-3431)
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.
- IntroducedApr 11, 2005
- Passed SenateNot reached
- Passed HouseNot 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 encourage institutions of higher education (IHEs) 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 student Pell Grants. Allows such funds to be used also to award need-based grants to lower and middle income graduate students.
Cosponsors 3
Members who signed on, in the order they did. Signatures ran from Apr 11, 2005 to Jul 18, 2005; 2 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-OR | Gordon H. Smith | Original | Apr 11, 2005 |
| D-IL | Richard J. Durbin | Original | Apr 11, 2005 |
| D-NY | Hillary Rodham Clinton | Jul 18, 2005 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Health, Education, Labor, and Pensions Committee | Referred Apr 11, 2005 |
Actions 2
Everything that happened, newest first.
- Apr 11, 2005Introduced in Senate
- Apr 11, 2005Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S3430-3431)
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Senate | Text printed S3430 | Edward M. Kennedy D-MA (text) | Apr 11, 2005 |
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 |
|---|---|---|---|
| S. Hrg. 109-111 | BIODEFENSE: NEXT STEPS115 pages | Health, Education, Labor, and Pensions Committee | Feb 8, 2005 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1425 | Student Aid Reward Act of 2005 | Related bill | Apr 18, 2005 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill 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.
- College administration
- Cost control
- Cost effectiveness
- Economics and Public Finance
- Education
- Education of the disadvantaged
- Federal aid to education
- Federally-guaranteed loans
- Finance and Financial Sector
- Government lending
- Graduate education
- Higher education
- Scholarships
- Social Welfare
- Student loan funds
Text 1
Each version as it was printed, newest first.
- Apr 11, 2005Introduced in Senate
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.