Title IV of the Higher Education Act of 1965 (HEA; P.L. 89-329, as amended) authorizes the operation of three federal student loan programs: the William D. Ford Federal Direct Loan (Direct Loan) program, the Federal Family Education Loan (FFEL) program, and the Federal Perkins Loan program. While new loans are currently authorized to be made only…

House Democrats recently unveiled draft legislation for the American Recovery and Reinvestment Act of 2009. Widely touted as an economic stimulus package, the $825 billion draft legislation included as much as $142 billion for education. This includes the creation of a $79 billion State Fiscal Stabilization Fund to assist state governments in…

The Balanced Budget and Emergency Deficit Control Act of 1985, as amended, establishes deficit targets to lead to a balanced unified budget by fiscal year 1993. If the Office of Management and Budget projects a deficit in excess of the target amount plus $10 billion, the President must issue a sequester order to reduce budget resources…

This document contains witness testimonies and prepared statements from the Congressional hearing called to examine problems in the partnership of Medicare and Health Maintenance Organizations (HMO's). Opening statements are included from committee chairman Claude Pepper and from Representative Lawrence J. Smith. Two panels of witnesses address…

In 1985, the Federal Employees Health Benefits Program (FEHBP) reserves had accumulated over $2 billion in reserve surplus, precipitating the program's first refund. Concerned about FEHBP reserve practices, the chairman of the House Committee on Post Office and Civil Service, United States Congress, asked the General Accounting Office (GAO) to…

The 1984 Iowa Farm and Rural Life Poll is summarized in this report. Responses from 1,585 randomly selected Iowa farm families showed that respondents opposed relaxing current state laws limiting foreign investors and non-farm corporations' ownership of farmland; had mixed feelings on absentee ownership, changing banking laws to allow banks to…

This study reviews the financial soundness of the Perkins Loan Program, a federal program that provides low-interest loans to financially needy students through postsecondary institutions, and identifies ways to make the Perkins program less financially dependent on additional federal appropriations to cover operating costs and default losses.…

This report presents findings and recommendations resulting from a study on the costs and benefits of a Department of Education policy of encouraging lenders of student loans to grant forbearances to borrowers who experience temporary financial hardship but do not satisfy the specific conditions required for government-prescribed deferments. The…

These Congressional hearings contain testimony dealing with the Job Training Partnership Act (JTPA). Included among those persons providing testimony at the hearings were representatives of the following agencies and organizations: the National Governors' Association, the Department of Labor, the Office of Management and Budget, the National…

This tool is part of a series of technical assistance resources on financing and sustaining out-of-school time and community school initiative. These tools and resources are intended to assist policymakers, program developers and community leaders in developing financing and sustainability strategies to support effective initiatives. For nearly a…

The Education Consolidation and Improvement Act (ECIA) of 1981 is intended to provide opportunities for states and local governments to have more control of their educational programs and to deregulate the administration of federal programs. Introduced at a time when state funding and revenue systems are in flux and severely depleted, it presents…