An amendment numbered 3 printed in House Report 110-590 to require the General Accountability Office to conduct a study of the impact of raising loan limits on (1) tuition, fees, and room and board at institutions of higher education; and (2) private loan borrowing for attendance at institutions of higher education.

1. Adds SEC. 9. GAO STUDY ON IMPACT OF INCREASED LOAN LIMITS at the end of the bill

   Adds a section

   Inserted: SEC. 9. GAO STUDY ON IMPACT OF INCREASED LOAN LIMITS.

   Inserted: (a) Study Required.--The Comptroller General shall conduct a study to evaluate the impact of the increase in Federal loan limits provided for in section 2 of this Act and section 8005 of the Deficit Reduction Act of 2005 with respect to the impact on--

   Inserted: (1) tuition, fees, and room and board at institutions of higher education; and

   Inserted: (2) private loan borrowing by students and parents for attendance at institutions of higher education.

   Inserted: (b) Study Components.--The study required under subsection (a) shall be conducted for each major sector of institutions of higher education over a 5-year time period. The report shall specifically analyze the following:

   Inserted: (1) Whether, on average, tuition, fees, and room and board increase, decrease, or remain unchanged in each such sector after the increases in Federal loan limits take effect.

   Inserted: (2) Whether the amount of private educational loans taken out by students (and their parents) at institutions in each such sector to pay tuition, fees, and room and board increase, decrease, or remain unchanged.

   Inserted: (c) Report.--Not later than one year after the date of enactment of this Act, the Comptroller General shall provide an interim report to the Committee on Education and Labor of the House of Representatives and the Committee on Health, Education, Labor, and Pensions of the Senate including the initial results of the study conducted under this section. The Comptroller General shall follow up with such Committees after the third year and the fifth year after such date of enactment.

   Original wording

   At the end of the bill, add the following new section:

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As printed