SASFAA Legislative
Update
Government Shut
Down Avoided
The Senate passed a short-term Continuing
Resolution Wednesday that allows the federal government to remain open through
December 11, 2015. During the interim,
budget talks will continue regarding a two-year budget deal that is
desired. Due to the current differences
between the two parties and the Presidential election in 2016, it would not be
surprising to end up with another short-term continuing resolution that goes
through the November elections.
Federal
Perkins Loan Program in Wind-Down
The Senate did not extend the Federal
Perkins Loan Program yesterday, which ended the federal fiscal year. Although the House of Representatives passed
a one-year extension on a voice, consent vote last week, the unanimous consent
vote was blocked by Senator Alexander, who chairs the Senate HELP
Committee. The USDE provided the
guidelines for the wind-down of the Federal Perkins Loan Program in a Dear
Colleague Letter (GEN-15-03) published January 30, 2015. Additionally, the Department of Education
provided wind-down Questions and Answers regarding the Perkins Program on the
Campus-Based Processing Information page on the IFAP website.
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