legislation: 100-hr-3600

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
100-hr-3600 100 hr 3600 Student Aid Readjustment Act Education 1987-11-03 1987-11-16 Referred to Subcommittee on Postsecondary Education. House Rep. Ford, William D. [D-MI-15] MI D F000270 2 Student Aid Readjustment Act - Amends the Higher Education Act of 1965 to increase the maximum limits on the amount of individual Pell Grants. Restricts the period of eligibility for Pell Grants to the full-time equivalent of the period required for the completion of the first two academic years of the undergraduate baccalaureate course of study. Directs the Secretary of Education (the Secretary) to keep the congressional appropriations committees informed with respect to the amount of funds required to satisfy fully all entitlements to Pell Grants. Prohibits the Secretary from reducing such a grant except as expressly provided by and in accordance with specified provisions relating to insufficient appopriations. Eliminates loan eligibility for the first two academic years of undergraduate study and increases the maximum limits on loan amounts for the succeeding years under the Federally-insured student loan (FISL), guaranteed student loan (GSL), and supplemental student loan programs. Makes the limit on national direct student loans (NDSL) $9,000 in the case of any student other than a graduate or professional one, except that the amount loaned for any one academic year may not exceed $4,500. 2025-08-28T20:05:42Z  

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