Student Aid and Fiscal Responsibility Act
|Long title||Section 2, Division III of Health Care and Education Reconciliation Act.|
|Enacted by||the 111th United States Congress|
The Student Aid and Fiscal Responsibility Act of 2009 (SAFRA; H.R. 3221) is a bill introduced in the U.S. House of Representatives of the 111th United States Congress by Congressman George Miller that would expand federal Pell Grants to a maximum of $5,500 in 2010 and tie increases in Pell Grant maximum values to annual increases in the Consumer Price Index plus 1%. It would also end the practice of federally subsidized private loans, using all federal student loan funding for Direct Loans and potentially cutting the federal deficit by $87 billion over 10 years.
On September 17, 2009, the House approved the bill by a 253-171 margin. SAFRA was included in the health care reconciliation bill that passed on March 21, 2010 by a vote of 220-211 and signed into law on March 30, 2010 by President Obama.