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H.R. 1425 · 109th Congress

Student Aid Reward Act of 2005

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

TPR PetriSponsor
63 cosponsors · 56 D, 6 R, 1 I
RAR Alexander SBD Brown HBR Brown TBD Bishop MBD Bordallo ECD Cummings JCD Crowley LDD Doggett BED Etheridge BFD Filner RGD Grijalva AHD Hastings MHD Hinchey SID Israel SJD Jones DKD Kildee CKD Kilpatrick DKD Kucinich BLD Lee JMD McDermott GMD Miller BMD McCollum GMD Moore NPD Pelosi BSI Sanders JSD Schakowsky JTD Tierney CVD Van Hollen DWD Wu DWD Watson DPD Payne TLD Lantos BFD Frank CMD McCarthy CSR Smith RWD Wexler SLD Levin JJD Jackson MMD McNulty HBD Berman ETD Towns DMD Matsui MFR Fitzpatrick LED Evans MHD Honda ZLD Lofgren PDD DeFazio JMD McGovern CBD Brown JGR Gerlach JMD Moran FPD Pallone HWD Waxman RBR Bartlett CGD Gonzalez SDD Davis MOD Owens CRD Rangel CRD Ruppersberger SBD Bishop JOD Olver LGD Gutiérrez SRD Rothman

30 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Student Aid Reward Act of 2005 - Amends the Higher Education Act of 1965 (HEA) title IV (Student Assistance) to direct the Secretary of Education to carry out a Student Aid Reward (SAR) Program of payments to institutions of higher education (IHEs) to encourage them to participate in the student loan program under title IV that is most cost-effective for…

What it does: CRS summary · Introduced in House · Mar 17, 2005

Student Aid Reward Act of 2005 - Amends the Higher Education Act of 1965 (HEA) title IV (Student Assistance) to direct the Secretary of Education to carry out a Student Aid Reward (SAR) Program of payments to institutions of higher education (IHEs) to encourage them 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 percent 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 students Pell Grants. Allows such funds to be used also to award need-based grants to lower and middle income graduate students.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Student Aid Reward Act of 2005

Latest action (Apr 18, 2005): Referred to the Subcommittee on 21st Century Competitiveness.

Policy area: Education · Origin: House · Introduced: Mar 17, 2005

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.