[Lender] NCHELP Reauthorization Legislation Summary Document

[Policy Compliance Training]

Dear Colleagues: 

As a follow-up to the February 22, 2008, Oklahoma Lender Advisory
Council (OLAC) meeting, the National Council of Higher Education Loan
Programs (NCHELP) recently released a summary side-by-side analysis
document of the Higher Education Act (HEA) reauthorization bills
<http://www.nchelp.org/elibrary/BudgetReconciliation&HEAReauthorization/
2007HEALegislation/BillsIntroduced/ReauthSenateHouseBills_summary022808.
pdf> . This summary includes selected sections of major provisions that
impact loan programs found in the Senate's Higher Education Amendments
of 2007 (S. 1642) and the House's College Opportunity and Affordability
Act of 2008 (H.R. 4137).    

The next step in the legislative process is for both S. 1642 and H.R.
4137 to go to a Conference Committee where a joint House and Senate
committee is appointed to negotiate the differences between the two
bills. As you may recall, the bill provisions must be approved in
identical form by both the House and the Senate. From what has been
reported, the goal of the Conference Committee is to complete the
conference report in April. The current HEA extension expires on March
31, 2008.  

OGSLP will continue to keep you informed about HEA activity. If you have
questions, please contact Policy, Compliance, and Training at (405)
234-4432 or pct at ogslp.org <mailto:pct at ogslp.org?subject=Legislation> .






Note:  This communication and attachments, if any, are intended solely
for the use of the addressee hereof.  In addition, this information and
attachments, if any, may contain information that is confidential,
privileged and exempt from disclosure under applicable law.  If you are
not the intended recipient of this information, you are prohibited from
reading, disclosing, reproducing, distributing, disseminating, or
otherwise using this information.  If you have received this message in
error, please promptly notify the sender and immediately, delete this
communication from your system.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://lists.onenet.net/pipermail/lender/attachments/20080303/5851cff4/attachment.html