Current
Higher Education Act Reauthorization
Current authority for the Higher Education Act (HEA) expired on
September 30, 2003; however, several extensions have been enacted,
making no policy changes but allowing uninterrupted administration
of the programs authorized under the law. On September 3, 2007,
President Bush signed the "First Higher Education Extension
Act of 2007" (P.L. 110-44) to extend HEA through July 31, 2007.
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National Health Service Corps
The President's FY 2008 budget proposes $116 million for the National
Health Service Corps (NHSC), a $9 million (7.2 percent) decrease
below FY 2007. More >>
Student Loan Interest Deduction
Current Internal Revenue Code allows for borrowers to deduct up
to $2,500 of interest paid on educational loans. More >>
Economic Hardship Deferment
All federal student loans have a grace period following graduation
before entering the repayment period. At that point, borrowers may
apply for a deferment of payments on their education loans for certain
reasons, including economic hardship. More >>
Related Resources
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