US Congress House Bill 5577 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on September 18 2014 - 25% progression, died in committee
Action: 2014-11-17 - 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]

Expresses the sense of Congress that no origination fees should be charged on any future loans under the William D. Ford Federal Direct Loan program. (Origination fees are the fees lenders charge for processing new loan applications.) Amends title IV (Student Assistance) of the Higher Education Act of 1965 to repeal the Secretary of Education's authority to charge an origination fee on a Direct Loan first disbursed, or, in the case of a Direct Consolidation Loan, for which an application is received, on or after July 1, 2015.

To amend the Higher Education Act of 1965 to eliminate origination fees for Federal Direct Loans.

Rep. Susan Davis [D-CA]

Date	Chamber	Action
2014-11-17	House	Referred to the Subcommittee on Higher Education and Workforce Training.
2014-09-18	House	Referred to the House Committee on Education and the Workforce.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/5577/all-info
Text	https://www.congress.gov/113/bills/hr5577/BILLS-113hr5577ih.pdf