Bill

Bill > HR1498


US HR1498

US HR1498
To extend the interest rate for Federal Direct Stafford Loans.


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

113th Congress

Bill Summary

Amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the 3.4% interest rate on Federal Direct Stafford loans to loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2014.

AI Summary

This bill extends the current 3.4% interest rate for Federal Direct Stafford Loans, which are a type of federal student loan, for undergraduate students. Specifically, it ensures that this lower interest rate will apply to loans that are first disbursed to undergraduate students between July 1, 2011, and July 1, 2014, by amending the Higher Education Act of 1965.

Committee Categories

Education

Sponsors (22)

Last Action

Referred to the Subcommittee on Higher Education and Workforce Training. (on 07/08/2013)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...