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The plan, part of a three-year effort to cut $75.2 billion in federal spending, requires multiple loan disbursements and extends collection statutes for defaulted loans. It also proposes loan consolidation for eligible students, while the House Budget Committee considers a similar approach.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":35,"@type":76,"position":81},"https://docshare.wps.com/document/healthcare/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/senate-budget-panel-gives-nod-to-fiscal-1986-reconciliation-measure-cont2/429003/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/senate-budget-panel-gives-nod-to-fiscal-1986-reconciliation-measure-cont2/429003.png","ImageObject",300,407,{"name":92,"@type":93},"MrHarris58","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-26","2026-09-29",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",12,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What did the Senate Budget Committee vote to adopt for fiscal 1986?","Question",{"text":113,"@type":114},"The Senate Budget Committee voted to adopt a fiscal 1986 reconciliation measure that would trim an estimated $865 million from the Guaranteed Student Loan program.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What key changes does the reconciliation plan require for student loans?",{"text":118,"@type":114},"The plan requires lenders to make multiple disbursements and extends the statute of limitations for collecting on defaulted loans. It also includes a loan consolidation option with a stated interest rate and repayment period.",{"name":120,"@type":111,"acceptedAnswer":121},"How does the House Budget Committee’s expected action relate to the Senate package?",{"text":122,"@type":114},"The House Budget Committee is expected to vote on its own reconciliation plan with changes to the GSL program, saving an estimated $820 million over three years. The plan is described as similar to the Senate approach but adds needs analysis for all students.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},429003,1790888774,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":34,"category_name":35,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":34,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},687212988360,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","Vol.13,No.193                       \n# SENATE BUDGET PANEL GIVES NOD TO FISCAL 1986-RECONCILIATION MEASURE\n\nThe Senate Budget Committee Tuesday voted overwhelmingly to adopt a proposalthat would trim an estimated $865 million from the Guaranteed Student Loan(GSL)program in-fiscal 1986·  \nThe proposal,which was sent to the budget panel by the Senate Labor and HumanResources Committee last week,is part of a governmentwide reconciliationmeasure expected to save $75.2 billion in federal spending over three years.The GSL plan,contained in a 1,490-page unnumbered bill,was approved 17-1.  \nThe Senate Labor and Human Resources Committee was ordered in August to cut$800 million from the GSL program to comply with the fiscal 1986 first con-current budget resolution.  \nMultiple DisbursementsThe committee's reconciliation plan would requirelenders to make multiple disbursements of loans and lengthen the statute oflimitations for collection on defaulted loans(HED,Sept.26)·  \nIt also includes a new loan consolidation plan in which students with s5,000 ormore in various loans would be able to combine payments into one with a10 percent interest rate spread out over 15 years.  \nThe House Budget Committee today is expected to vote on its own budget recon-ciliation plan featuring changes in the GSL program.The plan,which wouldsave an estimated s820 million over three years,Is similar to the Senatepackage.However,it would require needs analysis for all students,a facetmost members of the postsecondary community oppose in reconciliation.  \nIn other action on the fiscal 1986 budget,the Senate Appropriations CommitteeTuesday agreed to send its subcommittee chairmen back to the drawing board in asearch for extra spending savings for the current fiscal year.  \nSearching For More CutsAs part of a request by Sen.Pete Domenici,R-  \nN.M.,Sen.Lowell Weicker,R-Conn.,chairman of the Labor,Health and HumanServices and Education Appropriations Subcommittee,was asked to trim some$240 million more from the panel's outlay budget.  \nWeicker and his staff will be meeting with staff members from the CongressionalBudget Office to work out what changes,if any,will be proposed.  \nWhat that will mean to the Senate panel's proposed s18.3 million fiscal 1986Education Department budget is still uncertain.\"The possibility for more cutsis there,\"cautioned Charles Saunders,American Council on Education's vicepresident for governmental relations.(more)  \n# SENATE BUDGET PANEL GIVES NOD TO FISCAL 1986 RECONCILIATION MEASURE(Cont.2\n\nThe full Senate Appropriations Committee tentatively had p.lanned another markupof the fiscal 1986 Labor-HHS-Education budget today.The House yesterday begandebate on Its version of a fiscal 1986 appropriations bill,which would provide$17.5 billion for ED(HED,Sept.27)。  \nThe need for additional cuts stemmed from new calculations by the Senate BudgetCommittee.Domenici,chairman of the committee,originally had estimated thatan additional $800 million in budget outlays should be cut from the Labor-HHS-Education budget,but appropriations'committee staff revised those figures.  \nAlthough the Labor-HHS-Education budget approved by the subcommittee Sept.19was on target with the fiscal 1986 budget resolution approved in August,itsbudget outlay costs overshot the mark the Senate had set in its drive to reducethe federal deficit。  \nGrudging CompromiseCommittee Chairman Mark Hatfield,R-Ore.,was nothappy with Domenici's request,although he compromised with his Republicancolleague.\"It may be necessary to make substantial adjustments in order toconform,\"Hatfield noted.\"I feel that the whole appropriations process hasbeen at the vanguard of dealing with the deficit.\"  \nWeicker also was displeased with the new directive。\"The matter of [budget]outlays is at best a crap shoot,\"he said.\"There is nothing to lead me to be-lieve the estimates of the budget committee.We have always done our work inbudget authority.We did the best we could.\"  \nDomenici admitted the process h","cbCaiqXIGtPtPjPs","https://ap.wps.com/l/cbCaiqXIGtPtPjPs","pdf",1946344,"English","# SENATE BUDGET PANEL GIVES NOD TO FISCAL 1986-RECONCILIATION MEASURE\n## Vol.13,No.193\n# SENATE BUDGET PANEL GIVES NOD TO FISCAL 1986 RECONCILIATION MEASURE (Cont.2\n## Senate Appropriations markup and budget outlays\n# ED LISTS AGENCIES THAT JUDGE POSTSECONDARY QUALITY\n## Revised accrediting agencies list and Federal Register publication\n# CURRAN GRILLED ON NIE RECORD; SAYS HE REGRETS MOVE TO ABOLISH AGENCY\n## Peer review pledge and humanities grant-making","[{\"question\":\"What did the Senate Budget Committee vote to adopt for fiscal 1986?\",\"answer\":\"The Senate Budget Committee voted to adopt a fiscal 1986 reconciliation measure that would trim an estimated $865 million from the Guaranteed Student Loan program.\"},{\"question\":\"What key changes does the reconciliation plan require for student loans?\",\"answer\":\"The plan requires lenders to make multiple disbursements and extends the statute of limitations for collecting on defaulted loans. It also includes a loan consolidation option with a stated interest rate and repayment period.\"},{\"question\":\"How does the House Budget Committee’s expected action relate to the Senate package?\",\"answer\":\"The House Budget Committee is expected to vote on its own reconciliation plan with changes to the GSL program, saving an estimated $820 million over three years. The plan is described as similar to the Senate approach but adds needs analysis for all students.\"}]","SENATE BUDGET PANEL GIVES NOD TO FISCAL 1986 RECONCILIATION MEASURE - Cont.2 | PDF",1790648348,18]