Student Loan Default Prevention Act
Latest action · Apr 23, 2013 Referred to the Subcommittee on Higher Education and Workforce Training.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 12, 2013
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Student Loan Default Prevention Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require the Secretary of Education, upon the request of an eligible guaranty agency, to enter into or revise a voluntary, flexible agreement with that agency to provide services to borrowers and potential borrowers of Federal Family Education Loans (FFELs) or Direct Loans (DLs).
Treats guaranty agencies as eligible to participate in such agreements if they have extensive and relevant experience and demonstrated effectiveness in providing such services.
Authorizes those guaranty agencies to provide services that include: (1) delinquency prevention and default aversion activities, (2) collecting defaulted loans, (3) monitoring institutions that participate in the DL program, (4) training financial aid officials, and (5) informational outreach to schools and students that supports access to higher education and financial literacy.
Requires the Secretary to pay fees to such agencies that are cost neutral and take into account the savings projected from the provision of such services.
Cosponsors 5
Members who signed on, in the order they did. Signatures ran from Feb 12, 2013 to Apr 9, 2013, with 3 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-ME | Chellie Pingree | Original | Feb 12, 2013 |
| D-NC | David E. Price | Original | Feb 12, 2013 |
| D-GU | Madeleine Z. Bordallo | Original | Feb 12, 2013 |
| D-MA | James P. McGovern | Feb 14, 2013 | |
| D-MA | Stephen F. Lynch | Apr 9, 2013 |
Actions 3
Everything that happened, newest first.
- Apr 23, 2013Referred to the Subcommittee on Higher Education and Workforce Training.
- Feb 12, 2013Introduced in House
- Feb 12, 2013Referred to the House Committee on Education and the Workforce.
Subjects
Assigned by the Library of Congress. Policy area: Education.
Text 1
Each version as it was printed, newest first.
- Feb 12, 2013Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.