US HB3047 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on August 2 2013 - 25% progression, died in committee
Action: 2013-09-13 - Referred to the Subcommittee on Higher Education and Workforce Training.
Pending: House Subcommittee on Higher Education and Workforce Training Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on August 2 2013 - 25% progression, died in committee
Action: 2013-09-13 - Referred to the Subcommittee on Higher Education and Workforce Training.
Pending: House Subcommittee on Higher Education and Workforce Training Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow a borrower of a loan under the William D. Ford Federal Direct Loan program to modify the interest rate on such a loan so that its interest rate is equal to the interest rate it would bear if first disbursed at the time of modification. Fixes that interest rate for the life of the loan, unless the borrower elects to modify it again.
Title
To authorize borrowers of loans under the William D. Ford Federal Direct Loan Program to modify the interest rate of such loans to be equal to the interest rate for such loans at the time of modification.
Sponsors
| Rep. Mark Pocan [D-WI] | Rep. Matthew Cartwright [D-PA] | Rep. Ron Kind [D-WI] | Rep. Alan Lowenthal [D-CA] |
| Rep. Frederica Wilson [D-FL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2013-09-13 | House | Referred to the Subcommittee on Higher Education and Workforce Training. |
| 2013-08-02 | House | Referred to the House Committee on Education and the Workforce. |
Subjects
Education
Government lending and loan guarantees
Higher education
Interest, dividends, interest rates
Student aid and college costs
Government lending and loan guarantees
Higher education
Interest, dividends, interest rates
Student aid and college costs
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/113th-congress/house-bill/3047/all-info |
| Text | https://www.congress.gov/113/bills/hr3047/BILLS-113hr3047ih.pdf |
