summary
Introduced
07/10/2019
07/10/2019
In Committee
07/10/2019
07/10/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Higher Education Act of 1965 to eliminate origination fees for Federal Direct Loans. This bill eliminates origination fees on future federal student loans. Origination fees are the fees lenders charge for processing new loan applications.
AI Summary
This bill, the Eliminating the Hidden Student Loan Tax Act, aims to eliminate origination fees on future federal student loans. Origination fees are the fees lenders charge for processing new loan applications. The bill would repeal the provision in the Higher Education Act of 1965 that allows for these origination fees, and the amendment would apply to federal student loans disbursed or consolidated on or after July 1, 2020.
Committee Categories
Education
Sponsors (4)
Last Action
Referred to the House Committee on Education and Labor. (on 07/10/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/3674/all-info |
| BillText | https://www.congress.gov/116/bills/hr3674/BILLS-116hr3674ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr3674/BILLS-116hr3674ih.pdf.pdf |
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