Student Loan Fairness Act of 2005

Fact Sheet API

Bill Number

HR 1029

Introduced

Mar 1, 2005

Latest Action

Referred to the Subcommittee on 21st Century Competitiveness.

Sponsor

Cosponsors

Topics

Commerce Consumer education Debtor and creditor Economics and Public Finance Education Federally-guaranteed loans Fees Finance and Financial Sector Government lending Government Operations and Politics Government paperwork Higher education Interest rates Student loan funds

Full Text

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Votes

Summary

Student Loan Fairness Act of 2005 - Amends the Higher Education Act of 1965 to revise student aid requirements for consolidation loans.

Repeals a prohibition against refinancing consolidation loans.

Allows borrowers to select lenders of consolidation loans. Requires lenders and institutions to provide certain information on consolidation loans to applicants.

Revises interest rates on consolidated and reconsolidated loans.

Actions

Mar 24, 2005

Referred to the Subcommittee on 21st Century Competitiveness.
Mar 1, 2005

Referred to the House Committee on Education and the Workforce.
Mar 1, 2005

Introduced in House

Amendments

Related Bills