Education Reconciliation Act

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Along with the passing of the Patient Protection and Affordable Care Act (H.R. 3590), President Barack Obama also signed into effect the Education Reconciliation Act (H.R. 4872) just seven days later.

The Act was enacted into law by means of the reconciliation process, meaning, in order to amend the Patient Protection and Affordable Care Act, the Education Act was included as part of the provisions submitted for the budget resolution text necessary to passing the law in the House and Senate. Click here for an informative Wiki on that process.

Locally, the Education Reconciliation Act brought both welcome and unwelcome news, as many in the area were affected by the closing of SallyMae, a large provider of the areas employment. Still, the Act does provide some benefits in the area of education, especially that in the form of student loan reform. The language is very similar to the Student Aid and Fiscal Responsibility Act that also passed the House last year, but with some slight variation. This reform package includes:

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