when did the federal student loan program start
Student loans in the United States United States Government-backed student loans were first offered in 1958 under the National Defense Education Act (NDEA), and were only available to select categories of students, such as those studying toward engineering, science, or education degrees. The student loan program, along with other parts of the Act, which subsidized college professor training, was established in response to the Soviet Union's launch of the Sputnik satellite, and a widespread perception that the United States was falling behind in science and technology, in the middle of the Cold War. Student loans were extended more broadly in the 1960s under the Higher Education Act of 1965, with the goal of encouraging greater social mobility and equality of opportunity.[3][18]
Elementary and Secondary Education Act The Elementary and Secondary Education Act (ESEA) was passed as a part of United States President Lyndon B. Johnson's "War on Poverty" and has been the most far-reaching federal legislation affecting education ever passed by the United States Congress. The act was an extensive statute that funded primary and secondary education.[1] It also emphasizes equal access to education and establishes high standards and accountability.[2] In addition, the bill aimed to shorten the achievement gaps between students by providing each child with fair and equal opportunities to achieve an exceptional education. As mandated in the act, the funds are authorized for professional development, instructional materials, for resources to support educational programs, and for parental involvement promotion. The act was originally authorized through 1965; however, the government has reauthorized the act every five years since its enactment. The reauthorization of ESEA by President George W. Bush was known as the No Child Left Behind Act of 2001. ESEA was reauthorized on December 10, 2015 as the Every Student Succeeds Act (ESSA) by President Barack Obama.[3] The ESEA also allows military recruiters access to 11th and 12th grade students' names, addresses, and telephone listings when requested. On January 23, 2017, House Bill 610 was introduced to repeal this act.