PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
Congressional Research Service
Version 00 · Introduced in House · Feb 13, 2007
Student Aid Reward Act of 2007 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Secretary of Education to carry out a Student Aid Reward (SAR) Program of payments to encourage institutions of higher education (IHEs) to participate in the student loan program under title IV that is most cost-effective for taxpayers.
Requires that a SAR payment to an IHE equal at least 50% of the savings to the federal government generated by the IHE's participation in the most cost-effective student loan program, rather than one not cost-effective for taxpayers.
Requires IHEs receiving SAR payments to: (1) provide student loans under that most cost-effective program for five years after the payment date; and (2) use payment funds, where appropriate, to supplement student Pell Grants. Allows such funds to be used also to award need-based grants to lower and middle income graduate students.
People & committees
Rep. Miller, George [D-CA-7] · D–CA
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
Referred to the House Committee on Education and Labor.
Sponsor introductory remarks on measure. (CR E339-340)
Introduced in House
Introduced in House
Primary sources
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Source last updated: Mar 23, 2026. Consult Congress.gov for the current record.
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