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CRS851029Lpage18
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CRS851029Lpage18
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, flew to Colombia and then took a 25-day cruise to - Buenos Aires. The cruise cost $18,156, com- pared to $3,360 had the trip been made by air. Is that any way to balance the budget or reduce Mr. Reagan’s annual deficits of more than $200-billion‘? I The administration’s ideology, it seems, does not put a crimp in luxuries abroad or at home. three-fifths of Reagan administration officials 14 The GAO
CRS851029Lpage24
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3112 New ark fifimes October 20, 1985; p. E20 0 1985 Reproduced with Permission. New York Times The Congress ‘That Roared At first, the goals were both brave and efficient. This was to be the year of fiscal responsibility in Congress. When it adjourned, on Oct. 15, it would have taken serious action to stop the run of $200 bil- lion budget deficits. More. This would be the Con- gress that finally
CRS851029Lpage25
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THE ATLANTA CONSTITUTION October 18, 19853 P- 20A eware so-c alled budget cure- all A Democrats . and it Republicans in Congress have agreed to hold a budget gun totheir heads, but _ now comes the real argument, over whether to put bullets in it. Blanks would be better, as most Democrats are be- ginning to think. The proposed legislation, the most major re-do of federal budget processes
CRS851029Lpage28
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55112 N eta flork fiiimea October 17, 1985; p. A26 0 1985 Reproduced with Permission. New York Times Budget Ba1.Qgey,S1i'Ced57._cVVay_s _ It took six tables and one of the Capital's largest meeting rooms yesterday to accommodate the 9 senators and 48 members of the House charged with perfecting this month's fashionable scheme for wip- ing out the Federal deficit. Can a committee
CRS851029Lpage31
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Elbe fiiiaini irfcralb yoctober 15, 1985; p. 16A 9 1935 Reproduced with Permission. The Miami Hera1d . Budget uackery Se there a doctor in the House? The U.S..Senate has sent over a cleficit-re,- duction bill that's badly in need of one. Not even major surgery could make this bill viable. It would be better off dead. The Senate's bill. you'll recall, re- quires trimming S36 billion
CRS851029Lpage27
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fiscal year from 1986 through 1991 — from $180 billion to _ zero. If official estimates at the start of each year , ':proje_c-ted a deficit above that year's limit, the ; -president would have to “sequester” federal spend- -ing by a large enough percentage to meet the jjdeficit target. If the president did nothing, and if a-Congress did not enact adequate tax and spending changes, spending
CRS851029Lpage32
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October 14, 1985; p. 16A The first thing to keep in mind- about the hastily passed bal- anced-budget bill is that it doesn't do a thing about the deficits until after the 1986 elections. How convenient. Senators can go around saying they solved the deficit problem without actually having to make any of the unpop- ular choices to really do it. “We just can't do anything about
CRS851029Lpage30
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ilincolii iiournal October 15, 1985; p. 10 S enate’ s plan f ‘G 1985 Reproduced with Permission. Lincoln Journal cutting e fiicit another bad productef emotion Greati of ‘people learn . ‘ from bad experiences? ‘ Here we have large f. sections of the United States - certainly in- * cluding Nebraska - being economically tortured. A primary cause of that flaying is - the stupendous increase
CRS851029Lpage26
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‘(Tip 'QT‘ime§-igitagune October 18, 1985; Editorial Page 0 1985 Reproduced with Permission. The (New Orleans)‘ ‘llimes-Pica.yu.ne Balanced lo dget balancing act .4 aving voted to force themselves and/or the president to produce a ' balanced budget byi1991, members ofrthe~'rHouserand Senate are in conference _ trying to eliminate their differences over the proposal. The basic Gramm
CRS87187EPWpage56
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CRS87187EPWpage56
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, whichever is less-for*y job location and development centers. Current law authorizes a maximum expend- iture of $25,000. Institutions may also use 10 percent or $20,000, whichever is less, to establish or expand a program of locating developingcommunity service jobs for students. Current law authorized l0 percent of an institu- tion's administrative funds to be expended on comunity service
CRS87187EPWpage55
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sliding scale of decreasing percentages: 80 percent Federal share for academic years 1987-1988 and . 1988-89; _ , V9 75 percent Federal share for academic years 1989-90; 78 percent Federal share for academic years 1990-9l and succeed- 9 ing years. - The Federal share of costs for community service-learning is 90 percent. The 1986 amendments repealed a section of previous law that had precluded nCW8
CRS87187EPWpage61
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Anchor1za:1on o£ 4pgropr1a:1ons For title IV, part E, Perkins loans, $268 million is authorized for FY 1987 and such<sums as may be necessary for each of the 4 succeeding fiscal years through FY 1991. Title IV, Part F--Need Analysis (Secs. 471-480)“ Part F under title IV establishes a single need analysis system in statute for all of the title IV student aid programs (CWS, Perkins Loans
CRS87187EPWpage63
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lllli«liCRSsSil‘ Student. information on e11§1b111:z- --A pre—e11g1b111cy Federal financial aid form is to be developed giving a preeeligibility index to student appl- icants to help them plan for college financing. Studentsare to be provided information on eligibility. including the use of a toll-free number for stur dent aid infornation.. when students are determined they must beeligible, being
CRS87187EPWpage62
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student (not claimed as adependent); gE_is a single undergraduate not claimed as a dependent for 2 calendar years preceding the award year and who demonr strates an annual total income of $4,000. A financial aid administrator can declare a student independent due to unusual circumstances. Title IV, Part G-General Provisions Related to Student Assistance Programs (Sec. 481-491) P P.L. 99-498 has added
CRS87187EPWpage59
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1985 multiplied by a "default penalty,” which is the complement of its default rate if such ‘rate is over 7.5 percent but less than the maximum rate.s Institutions reach- ing the maximum annual default rates of 20 percent and over during award years‘ 1988, 1989, or 1990 and 15 percent thereafter may not receive any new capital contributions for the following year} next, separate calculations
CRS87187EPWpage57
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education institutions will have discretion. Loan provisions? specified in the legislation include the following: --loans will be available to undergraduate students only; -participating institutions will contribute 10 percent of total loan principal (the remainder coming from Federal appropri- ations); i -—the aggregate loan limit is $17,500 ($2,500 for each of the first 2 years, $3,500 for the third
CRS87187EPWpage58
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is authorized for FY 1987 and such sums as may be necessary for FY 1988-1991. c ‘ Title IV, Part E-Direct Loans to Students in Institutions of Higher Education (Perkins Loans) (Sec 461-468) ‘Part E of title IV authorizes direct loans to students through institu- tions of higher education known as "Perkins Loans" under PQL. 99-498 and for- mmerly called National Direct Student Loans. This program
CRS87187EPWpage60
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students, then the loans must be made available to a "reasonable proportion" of such students. Loan limits—-Aggregate loan limits are increased to $18,000 for graduate A and professional students (includes all undergraduate borrowing under the pro- gram), $9,000 for undergraduates with 2:years of credit, and $4,500 for all‘ others. Effective with loans made to new borrowers to cover
CRS87187EPWpage18
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grants.) Previously, ’ all institutions of higher education were eligible to participate in this pro- L gram. Grants are to be made in proportion to the number ofFTE students at’ eligible institutions, and are to be within the range of $2,000-$10,000 per grant.
CRS87187EPWpage15
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W TITLEI-PosrsEcoNnAnxPnocaAMsronNoNTRAn1r1oNAL STUDENTSE TitleI‘is_divided1nto3parts:dn, PartAr-Program:and,PlanningGrants(sec.111-115) PartB-NationalPrograms(sec.121-122) A Part C-~The National Advisory Council on Continuing Education (sec, l3l)r E‘ p g V ‘l The significant changes made to this title gj hp the Higher Education Amendments of 1986 (P.L. 99-498) include revision and extension

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