AID Act
The source supplies the latest action, but no lifecycle stage.
Latest action (22 May 2018): Referred to the Subcommittee on Nutrition.
What this bill does
The Achieving Independence through Degrees Act, or AID Act, aims to provide students with greater financial support and clearer information about their educational loans. The bill would increase the maximum amount and eligibility for Pell Grants, which are federal grants for students with financial need. It would also expand requirements for loan counseling for students, aiming to ensure they understand the terms and repayment obligations of their loans.
Additionally, the AID Act seeks to simplify the Free Application for Federal Student Aid (FAFSA) process and extend Supplemental Nutrition Assistance Program (SNAP) benefits to eligible college students. This would affect students pursuing higher education by potentially increasing their grant aid, improving their understanding of student debt, and providing access to food assistance.
As H.R. 5550, this bill was introduced in the House of Representatives in April 2018 and referred to two committees. It has not moved past its introduction stage, meaning it has not been passed by either chamber of Congress or signed into law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Achieving Independence through Degrees Act or the AID Act
This bill provides assistance to students of institutions of higher education, including by increasing the maximum amount of and access to Pell Grants, expanding loan counseling requirements, simplifying the Free Application for Federal Student Aid (FAFSA), and expanding the Supplemental Nutrition Assistance Program (SNAP, formerly known as the food stamp program) benefits to students.
Timeline
22 May 2018
Referred to the Subcommittee on Nutrition.
Common questions
- What does H.R. 5550 do?
- The Achieving Independence through Degrees Act, or AID Act, aims to provide students with greater financial support and clearer information about their educational loans. The bill would increase the maximum amount and eligibility for Pell Grants, which are federal grants for students with financial need. It would also expand requirements for loan counseling for students, aiming to ensure they understand the terms and repayment obligations of their loans. Additionally, the AID Act seeks to simplify the Free Application for Federal Student Aid (FAFSA) process and extend Supplemental Nutrition Assistance Program (SNAP) benefits to eligible college students. This would affect students pursuing higher education by potentially increasing their grant aid, improving their understanding of student debt, and providing access to food assistance. As H.R. 5550, this bill was introduced in the House of Representatives in April 2018 and referred to two committees. It has not moved past its introduction stage, meaning it has not been passed by either chamber of Congress or signed into law.
- Has H.R. 5550 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 5550. Check the latest action and official source below.
- Who sponsored H.R. 5550?
- H.R. 5550 was sponsored by Rep. DeFazio, Peter A. [D-OR-4] (D-OR), with 0 cosponsors.
- What's the latest action on H.R. 5550?
- Referred to the Subcommittee on Nutrition. (22 May 2018).
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