The House Education and Labor Committee, which is charged with creating budget savings to meet reconciliation instructions in the 2010 budget resolution, is scheduled to hold a hearing today titled "Increasing Student Aid through Loan Reform."

A live Webcast of the hearing will be avaialble through the committee's Web site at 10:00 a.m. EDT. Simply click the "Live Webcast" link in the upper, right-hand corner of the committee's Web site to view the live Webcast.

"One of the proposals the committee will examine is President Obama's FY 2010 budget proposal, which would increase the Pell Grant scholarship and other forms of student aid by almost $100 billion over ten years - and at no cost to taxpayers," according to the committee's Web site.

NASFAA's President and CEO Dr. Phil Day has submitted written testimony for the hearing. The testimony outlines some concerns about the Obama administration's proposal to abruptly end the FFELP and outlines the loan model proposal developed through the National Conversation Iniative.

The following is the list of witnesses scheduled to testify at today's hearing:

Posted 05/21/09 to www.NASFAA.org. Redistribution to non-NASFAA institutions is prohibited. Please submit Web site questions or comments to Web@NASFAA.org.