The Student Aid and Fiscal Responsibility Act of 2009 (SAFRA) is legislation implementing President Obama’s American Graduation Initiative. The bill would end the Federal Family Education Loan program and shift all student loans to the Federal Direct Loan program. The resulting savings, estimated at around $87 billion over a ten-year period, would be applied to a broad range of programs and policies, including increases in the Pell Grant and Perkins loan programs, significant new funding for community college initiatives, early childhood education reform, and school infrastructure.
These funds also provide $1.275 billion in funding for Historically Black Colleges and Universities and Hispanic Serving Institutions at $255 million a year for five years. The activities to be implemented and the Activity Director responsible for the implementation are:
a) Project Administration—Ms. Marilyn M. Starks, (662) 621-4154
b) Improving Financial and Academic Management—Ms. Marilyn M. Starks, (662) 621-4154
c) Enhancing the Associate Degree Nursing Program—Mrs. Beverly Overton, (662) 621-4686
d) Strengthening the Allied Health Programs—Mr. Tony Brooks, (662) 621-4233
Funding source: U.S. Department of Education, Title III, Section J
Funding period: October 1, 2015 – September 30, 2020