A bill to amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.

Fact Sheet API

Bill Number

S 2051

Introduced

Jan 31, 2012

Latest Action

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Sponsor

Cosponsors

Topics

Education Government lending and loan guarantees Higher education Interest, dividends, interest rates Student aid and college costs

Full Text

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Votes

Summary

Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2012, applicable to Direct Stafford loans first disbursed to undergraduate students on or after July 1, 2012.

Actions

Jan 31, 2012

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Jan 31, 2012

Sponsor introductory remarks on measure. (CR S212-213)
Jan 31, 2012

Introduced in Senate

Amendments

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