[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-420660-105":3,"detail-sidebar-cat-0-en-105":81,"doc-detail-420660-en":130},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","congressional-staffers-predict-changing-times-for-gsl","CONGRESSIONAL STAFFERS PREDICT CHANGING TIMES FOR GSL","","Congressional staffers anticipate significant changes to the Guaranteed Student Loan (GSL) program even after President Reagan signed the Higher Education Amendments of 1986 (S.1965). Budget committees are expected to begin reviewing the program in January to cut funds as part of deficit reduction targets. Staffers describe the GSL as an accessible target for budget cuts because previous reductions have not fully disrupted student lending, while concerns about rising default rates and bank profits could drive additional 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program?",{"text":72,"@type":64},"A growing concern centers on the rising default rate, alongside beliefs that banks may be earning too much.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},420660,1790970180,{"code":4,"msg":82,"data":83},"success",[84,88,92,95,100,105,110,115,120,123,126],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & 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Friday afternoon signed s.1965,the Higher Educa-tion Amendments of 1986,reauthorizing higher education programs for fiveyears.Further information was not available at press time。Meanwhile,some 4,700 Education Department employees went home early Friday as Con- gress failed to agree on fiscal 1987 funding levels.See storu,page 3.    \n# CONGRESSIONAL STAFFERS PREDICT CHANGING TIMES FOR GSL\n\nSAN FRANCISCO--The ink is sti11 drying on a new bill reauthorizing the Guar-anteed Student Loan(GSL)program,but congressional staffers already say ad-ditional changes are in the offing.  \nMany of those changes,staffers agree,wi1l have their birth in the budget com-mittees,which are expected to begin looking in January to the GSL program asa place to chop funds to help meet deficit reduction targets.Quite simply,according to Mary1n McAdam,staffer for the House Subcommittee on PostsecondaryEducation,the budget committee has the “abllity to rewrite the GSL laws everyyear …or every six months.\"  \nDavld Evans,minority staff director for the Senate Education,Arts and Human-ities Subcommittee,agreed that S.1965,the Higher Education Amendments of1986,is far from the last word on the GSL program。\"Next year is going to bea real tough nut,\"Evans said.\"It may be one in which we face even moredifficult decisions than we did during reauthorization.\"  \nGSL Seen As Easy TargetSeveral congressional aides addressed the fallconvention of the National Counci1 of Higher Education Loan Programs(NCHELP)here.John Jennings,counsel to the House Education and Labor Committee,saldall the“doom and gloom”could be traced to recent federal budget priorities.Jennings said the administration is bent on increasing def ense spending andcutting taxes rather than balancing the books.  \nThe GSL program is an easy target for the budget knife,in Jennings'opinion,because the prevlous cuts have not put any \"blood on the floor.\"Few banksactually have dropped out because of the cuts in incentives and,thus far,theprogram continues to work for students.There has not been a groundswell ofopposition to the cuts,as there was for cuts in school lunches,for example.  \nMoreover,Jennings said,many members of Congress believe that banks are makingtoo much money.Finally,he added,there is the growing concern over the ris-ing default rate.(more)  \n2C  \n6  \n     October 20,1986  \n# CONGRESSIONAL STAFFERS PREDICT CHANGING TIMES FOR GSL(Cont.)\n\nIf cuts are proposed,itis unclear just where they wi11 come from.Safd RoseDiNapoli,minority staffer with the House Education and Labor Committee,\"Ithink we've probably cut all the fat we can out of this program.\"Realistic-ally,however,staffers say GSLs are vulnerable.  \nMcAdam suggested that NCHELP develop a method to make its case to the budgetcommittee-proving that the GSL program is efficient.The budget committees\"won't listen to us,\"she explained.  \nEvans said the education committees in Congress need improved cooperation fromall the players in the GSL program if they are to ward off cuts.AlthoughNCHELP cooperated with the committees during the reauthorization process,Evanssaid,\"from the lending community we did not have that kind of cooperation.\"  \nThe process will be complicated by the fact that the Senate Education,Arts andHumanities Subcommittee will turn its attention to other programs,Evans said,now that the reauthorization process is complete。\"You will no longer be theonly program that is center stage,\"Evans emphasized.--Bi11 Reinhard  \n# FLAWS BEGINNING TO SURFACE IN HIGHER EDUCATION ACT COMPROMISE\n\nSAN FRANCISCO --The sunshine that initially greeted the compromise measure re-authorizing the Higher Education Act is fading behind the clouds as members ofthe higher education community begin to pick the agreement apart.  \nFew of those attending the fall convention of the National Council of HigherEducation Loan Programs(NCHELP)had read the new document,S.","cbCaiqQiz4QVbECm","https://ap.wps.com/l/cbCaiqQiz4QVbECm","pdf",1850238,"English","# CONGRESSIONAL STAFFERS PREDICT CHANGING TIMES FOR GSL\n## GSL seen as an easy target\n## Potential sources and responses to proposed cuts","[{\"question\":\"Why do staffers expect additional changes to the GSL program after S.1965?\",\"answer\":\"They expect budget committees to review the program and consider cutting funds to meet deficit reduction targets, starting in January.\"},{\"question\":\"Why is the GSL described as an “easy target” for budget cuts?\",\"answer\":\"Prior cuts have not produced major disruptions—few banks have dropped out, the program continues to work for students, and there has not been widespread opposition.\"},{\"question\":\"What concern could influence future decisions about the GSL program?\",\"answer\":\"A growing concern centers on the rising default rate, alongside beliefs that banks may be earning too much.\"}]","CONGRESSIONAL STAFFERS PREDICT CHANGING TIMES FOR GSL | PDF",1790621867,18]