summary
Introduced
07/30/2019
07/30/2019
In Committee
07/30/2019
07/30/2019
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 extend the interest-free grace period certain loans, and for other purposes. This bill extends the grace period for the repayment of Federal Direct Loans to one year, and it freezes the interest rate at zero percent during such period.
AI Summary
This bill, the Student Loan Deferment Act of 2019, aims to amend the Higher Education Act of 1965 to extend the interest-free grace period for certain student loans. Specifically, it extends the grace period for repayment of Federal Direct Loans from 6 months to 1 year, and it freezes the interest rate at zero percent during this grace period. The bill also extends the grace period for Perkins Loans from 9 months to 1 year. These changes are intended to provide borrowers with more time to transition into repayment without accruing interest on their student loans.
Committee Categories
Education
Sponsors (5)
Last Action
Referred to the House Committee on Education and Labor. (on 07/30/2019)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/4119/all-info |
| BillText | https://www.congress.gov/116/bills/hr4119/BILLS-116hr4119ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr4119/BILLS-116hr4119ih.pdf.pdf |
Loading...