March 27, 2008

Higher Education Act Reauthorization Update

Both the Senate and House have passed legislation to temporarily extend the programs under the Higher Education Act (HEA) for one month through April 30, 2008. The current extension expires March 31.

Although both chambers of Congress have passed a reauthorization bill, HEA reauthorization is not expected until next month. The Senate passed the Higher Education Amendments of 2007 (S. 1642) on July 24, 2007, and the House passed the College Opportunity and Affordability Act of 2008 (H.R. 4137) on February 7, 2008.

NCHELP Side-By-Side Summary
The National Council of Higher Education Loan Programs (NCHELP) released a side-by-side analysis, which includes selected sections of major provisions in the Senate and House reauthorization bills that impact loan programs.

OGSLP's Legislation Web Page
Additional information about these and other legislative and regulatory developments can be found on our Legislation Web page. OGSLP will continue to keep you informed about HEA activity. If you have questions, please contact Policy, Compliance, and Training at (405) 234-4432 or pct@ogslp.org.