Higher Education Act

On July 31, 2008, Congress passed completed Reauhtorization of the Higher Education Act (HR 4137). Five years late, with an unprecedented 14 extensions of the statutory deadline, the bill was signed into law by the President on August 14.The reauthorization streamlines financial aid forms, makes college costs more transparent, increases the maximum Pell Grant to $6,000 in 2008-09 and $8,000 in 2014, and provides for up to $10,000 in loan forgiveness for students entering jobs such as public defender, prosecutor, fire fighter, educator, nurse and ‘others serving in the public interest’