2-11-09 - Washington Welcomes President Obama and Gets to Work
In front of an estimated 1.8 million persons on the National Mall, stretched from the Capitol to the Lincoln Memorial – a distance of two miles – President-Elect Barack Obama became President Barack Obama on January 20. Read more
10-8-08 - Bailout Bill Extends Tuition Deduction
On October 3, Congress gave final legislative approval to and the President signed into law the so-called “bailout bill” for financial institutions. Read more
9-4-08 - AACOM Urges Permanent Reinstatement of 20/220 Pathway
AACOM signed a comment letter, circulated by the American Medical Association, to the Department of Education regarding the debt-to-income ratio or 20/220 pathway of the economic hardship loan deferment. Read more
6-16-08 - President Signs Emergency Student Loan Legislation
On May 7, President Bush signed emergency legislation that will make it easier for students and parents to borrow more this fall, preventing the credit crisis from affecting students’ ability to pay for their education. Read more
5-12-08 - Congress Contacted to Support Reinstatement of Pathway for Economic Hardship Deferment
The U.S. Department of Education plans to eliminate the economic hardship deferment’s debt-to-income ratio (“20/220 pathway”) as of July 1, 2009, with the start of a new income-based repayment program. Read more
5-12-08 - Senate Majority Leader Fast-Tracks Student Loan Legislation
After Senate Majority Leader Harry Reid fast-tracked student loan legislation, bypassing the Senate Health, Education, Labor and Pensions (HELP) Committee, the Senate unanimously approved legislation that will strengthen the federal government’s loan program and increase the amount certain students can borrow. Read more
5-12-08 - Department of Education Roundtable to Cover Economic Factors Affecting Student Financial Aid
The U.S. Department of Education has announced a roundtable of its Advisory Committee on Student Financial Aid (ACSFA), which will focus on ways to ensure access to college for low- and middle-income students. Read more
4-28-08 - Department of Education Formally Announces Increase in Loan Limits
4-07-08 - Income-Based Repayment Plan to Replace Debt-to-Income Ratio