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]

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.

Tracking Information

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Title

Student Debt Reduction Act

Sponsors


History

DateChamberAction
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


US Congress State Sources


Bill Comments

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