Number: RL34077 Title: Student Loans, Student Aid, and FY2008 Budget Reconciliation Authors: Adam Stoll, David P. Smole, and Charmaine Mercer, Domestic Social Policy Division Abstract: This report reviews and briefly describes the major proposals contained in both the House-passed and Senate-passed versions of H.R. 2669 to achieve savings in mandatory spending through changes to federal student loan programs and to enhance student aid benefits or make other changes to existing federal student aid programs. It also reviews and describes the major changes enacted under P.L. 110-84 that are projected to achieve savings in mandatory spending and those that establish new or enhanced student aid benefits or that otherwise amend pre-existing federal student aid programs. This report is structured to provide a record of proposals to achieve savings in mandatory spending or to provide new or enhanced student aid benefits considered during FY2008 budget reconciliation and that have gained passage by one or both chambers, as well as those enacted into law. Pages: 18 Date: October 23, 2007