Student Aid Reward Act of 2007
Latest action · Jun 5, 2007 Referred to the Subcommittee on Higher Education, Lifelong Learning, and 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.
- IntroducedFeb 13, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Student Aid Reward Act of 2007 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 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% 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 34
Members who signed on, in the order they did. Signatures ran from Feb 13, 2007 to Jul 26, 2007; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-WI | Thomas E. Petri | Original | Feb 13, 2007 |
| D-MI | Dale E. Kildee | Feb 14, 2007 | |
| D-IL | Danny K. Davis | Feb 14, 2007 | |
| D-CA | Grace F. Napolitano | Feb 14, 2007 | |
| D-MA | John F. Tierney | Feb 14, 2007 | |
| R-NV | Jon C. Porter | Feb 14, 2007 | |
| D-AZ | Raúl M. Grijalva | Feb 14, 2007 | |
| R-MD | Roscoe G. Bartlett | Feb 14, 2007 | |
| D-MN | Betty McCollum | Feb 27, 2007 | |
| D-MD | Chris Van Hollen | Feb 27, 2007 | |
| D-FL | Corrine Brown | Feb 27, 2007 | |
| D-OH | Dennis J. Kucinich | Feb 27, 2007 | |
| D-NJ | Donald M. Payne | Feb 27, 2007 | |
| D-MD | Elijah E. Cummings | Feb 27, 2007 | |
| D-CA | Howard L. Berman | Feb 27, 2007 | |
| D-GA | Sanford D. Bishop, Jr. | Feb 27, 2007 | |
| D-NJ | Albio Sires | Mar 23, 2007 | |
| D-OH | Betty Sutton | Mar 23, 2007 | |
| D-MD | C. A. Dutch Ruppersberger | Mar 23, 2007 | |
| D-MA | James P. McGovern | Mar 23, 2007 | |
| D-CA | Linda T. Sánchez | Mar 23, 2007 | |
| D-CA | Lois Capps | Mar 23, 2007 | |
| D-HI | Mazie K. Hirono | Mar 23, 2007 | |
| D-NY | Michael R. McNulty | Mar 23, 2007 | |
| D-TX | Charles A. Gonzalez | Mar 29, 2007 | |
| D-OR | Peter A. DeFazio | Mar 29, 2007 | |
| D-CA | Zoe Lofgren | Mar 29, 2007 | |
| D-IL | Rahm Emanuel | Apr 20, 2007 | |
| D-MI | Sander M. Levin | Apr 20, 2007 | |
| D-WI | Gwen Moore | May 8, 2007 | |
| D-CA | Henry A. Waxman | May 8, 2007 | |
| D-LA | William J. Jefferson | May 8, 2007 | |
| D-MD | Albert Russell Wynn | May 23, 2007 | |
| D-IL | Phil Hare | Jul 26, 2007 |
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 Feb 13, 2007 |
| Higher Education and Workforce Development Subcommittee | Referred Jun 5, 2007 |
Actions 4
Everything that happened, newest first.
- Jun 5, 2007Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
- Feb 13, 2007Introduced in House
- Feb 13, 2007Sponsor introductory remarks on measure. (CR E339-340)
- Feb 13, 2007Referred to the House Committee on Education and Labor.
In the Congressional Record 2
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 |
|---|---|---|---|
| Extensions | Debate and remarks E530 | Jon C. Porter R-NV | Mar 13, 2007 |
| Extensions | Debate and remarks E339, E340 | George Miller D-CA, Thomas E. Petri R-WI | Feb 13, 2007 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 572 | Student Aid Reward Act of 2007 | Identical bill | Feb 13, 2007 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To ensure that Federal student loans are delivered as efficiently as possible in order to provide additional grant aid to students.
- Short Titles as Introduced
- Student Aid Reward Act of 2007
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.
- Feb 13, 2007Introduced 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.
