US HB4834 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 11 2010 - 25% progression, died in chamber
Action: 2010-04-30 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 11 2010 - 25% progression, died in chamber
Action: 2010-04-30 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
Text: Latest bill text (Introduced) [PDF]
Summary
Student Debt Reduction Act - Amends the Higher Education Act of 1965 to cap annual, income-based, student loan repayments under the Federal Family Education Loan and Direct Loan programs at 10% (currently, 15%) of the amount by which a borrower's and the borrower's spouse's adjusted gross income exceeds 150% of the poverty line. Requires the Secretary of Education to cancel or repay such loans after 20 (currently, 25) years.
Title
Student Debt Reduction Act
Sponsors
Rep. Mark Schauer [D-MI] |
History
Date | Chamber | Action |
---|---|---|
2010-04-30 | Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness. | |
2010-03-11 | Referred to the House Committee on Education and Labor. |
Subjects
Education
Education programs funding
Government lending and loan guarantees
Higher education
Student aid and college costs
Education programs funding
Government lending and loan guarantees
Higher education
Student aid and college costs
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/4834/all-info |
Text | https://www.congress.gov/111/bills/hr4834/BILLS-111hr4834ih.pdf |