GD
GAIL DAMOTA
EDUCATION FINANCE COUNCIL, INC. · Washington, DC · registered since 2024
Registered · LDAActive
At a glance
Registered since
2024
Senate LDA system
Clients
1
last 3 years
Filings
4
4 agencies contacted
Activity
filings by quarter
Works on
Background
Government experience
President
Disclosed on LD-2 filings
Career
EF
Specific issues
Need to remove QSLBs from PAB cap to allow nonprofit state-based education finance organizations to provide low cost student loans. FAFSA completion efforts and initiatives by EFC membership.
Removing QSLBs from PAB Cap and AMT; Continue to Allow Employers to Annually Repay Up To $5,250 of Their Employees Student Loans Tax-Free in 2026 and Beyond; and Amend 529 Savings Plan Qualified Expenses to Include Costs Associated with Career Training and Credentialing Pass the Freedom to Invest in Tomorrows Workforce Act
FASFA Fiasco; Explaining the Guaranty Agency and Dept of Education VFA Agreement and the extension of the account maintenance fee for guaranty agencies.
FASFA Fiasco; Pass the Know Before You Owe Federal Student Loan Act, which strengthens financial counseling; Pass either the S. 528/H.R. 1198 the Understanding the True Cost of College Act or H.R. 1311 the College Cost Transparency and Student Protection Act to reform financial aid offers to make college pricing more transparent and easier to understand; Pass the State-Based Education Loan Awareness Act, which eliminates Preferred Lender List restrictions and penalties that prevent institutions from informing students about private loans offered by nonprofits that feature rates as or more favorable than the federal student loan programs; Subsidize education with more grants and fewer federal student loans; Institute stricter PLUS credit criteria for parent borrowers while still allowing dependent children whose parents fail the new standard to borrow up to independent student loan limits; Pass H.R. 3414 the Responsible Borrowing Act, which allows colleges and universities to prorate or limit the amount of federal student loan debt an enrolled student may take on based on certain categorical factors; and Allow Pell-eligible students to use their grant at shorter-term workforce programs.
Requesting clarifying guidance related to Sec. 144(b), the use of tax-exempt bonds for education loan refinancing programs.