It also contained substantial amendments to the earlier act, adding more than forty programs in higher education. The purpose of this legislation was to allow Americans who are hearing-impaired to receive training and education that will qualify them to live full and productive lives. The purpose of this bill was to bring greater integrity to existing programs and expand the educational opportunities for disabled Americans. This Act reformed the student aid program by phasing in a system of direct lending which will eliminate private lenders and guaranty agencies, empowering the U.S. Department of Education to channel loan funds through postsecondary institutions. Schools with adequate administrative capacity can originate loans on campus.
Smaller schools have alternative processes.
Students can choose among a variety of repayment options, including income contingency. These amendments made no substantive policy changes, but corrected unforeseen operational problems caused by changes enacted in 1992. This Act amended the Higher Education Act to make technical changes and conforming amendments. This Act amended the National and Community Service Act of 1990 to establish a Corporation for National Service and enhance opportunities for service to the nation. This Act is the centerpiece of the Clinton Administration's initiative to bring about systemic educational reform.