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Higher Education Amendments 1992 The Higher Education Amendments of 1992 (S.1150, Public Law 102-325) were signed into law by President George H.W. Bush on July 23, 1992. The legislation was primarily proposed and steered through Congress by Senator Claiborne Pell of Rhode Island Expanded student loan programs and introduced unsubsidized loans, increasing borrowing access. Key Reforms: The amendments aimed to combat high student loan default rates, particularly within the proprietary school sec