REAUTHORIZATION OF FEDERAL FAMILY EDUCATION LOAN PROGRAM.

SEC. 8004. REAUTHORIZATION OF FEDERAL FAMILY EDUCATION LOAN PROGRAM.(a) Authorization of Appropriations.—Section 421(b)(5) (20 U.S.C. 1071(b)(5)) is amended by striking “an administrative cost allowance” and inserting “a loan processing and issuance fee”.(b) Extension of Authority.—(1) Federal insurance limitations.—Section 424(a) (20 U.S.C. 1074(a)) is amended—(A) by striking “2004” and inserting “2012”; and(B) by striking “2008” and inserting “2016”. (2) Guaranteed loans.—Section 428(a)(5) (20 U.S.C. 1078(a)(5)) is amended—(A) by striking “2004” and inserting “2012”; and(B) by striking “2008” and inserting “2016”.(3) Consolidation loans.—Section 428C(e) (20 U.S.C. 1078–3(e)) is amended by striking “2004” and inserting “2012”.