The Health Care Cost Reduction and Access Act (2009)

[denem]

No it doesn't exist, and would never have that title. The wording comes from:

The College Cost Reduction and Access Act (2007).
http://www.nasfaa.org/publications/2007/G2669Summary091007.html

That Act

-Mandated full Pell Grants at "lower cost tuition" institutions;

-Mandated Grant Increases through to 2017;

-Reduced interest rates on subsidized loans from 6.8% July 1 2008 to 3.4% from July 1, 2011;

-Limited Loan repayments to 15 percent of a borrower's discretionary income;and

-Provided automatic debt forgiveness after 25 years;

WHY IS THIS RELEVANT?

Because The College Cost Reduction and Access Act (2007) was the product of Budgetary Reconciliation, the furthest stretch of the Byrd Rules so far, and one precedent for driving a Public Option straight through on a simple majority, providing the CBO reports that the Public Option will reduce or not increase the deficit.

The devil's in the detail. It won't get Senator Byrd's vote either way.

Full History of The College Cost Reduction and Access Act is here:
http://www.govtrack.us/congress/bill.xpd?bill=h110-2669&tab=speeches