Federal Perkins Loan Program Extension Act of 2015
Latest action · Dec 18, 2015 Became Public Law No: 114-105.
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.
- IntroducedSep 24, 2015
- Passed HouseSep 28, 2015
- Passed SenateDec 16, 2015
- To the PresidentDec 18, 2015
- Became lawDec 18, 2015Public Law 114-105
Summary
(This measure has not been amended since it was passed by the Senate on December 16, 2015. The summary of that version is repeated here.)
Federal Perkins Loan Program Extension Act of 2015
(Sec. 2) This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the authority of institutions of higher education (IHEs) to disburse Federal Perkins Loans to new undergraduate borrowers through September 30, 2017. A student must first exhaust Federal Direct Subsidized and Unsubsidized Stafford Loan eligibility.
IHEs may continue to disburse Perkins Loans to current undergraduate borrowers through September 30, 2017. A student must first exhaust all Federal Direct Subsidized Stafford Loan eligibility.
IHEs may continue to disburse Perkins Loans to certain graduate borrowers through September 30, 2016, to enable students to continue or complete an academic program. A student must have received a Perkins loan prior to October 1, 2015.
The bill prohibits Perkins Loan disbursement beyond September 30, 2017.
It also prohibits authorization of additional appropriations for the Federal Perkins Loan program beyond September 30, 2016.
Beginning October 1, 2017, each participating IHE must pay to the Department of Education: (1) a portion of the federal share of the balance of its Perkins Loan funds; (2) a portion of the Perkins student loan payments, including principal and interest, received by the institution; and (3) a capital distribution from its Perkins Loan fund.
(Sec. 3) The bill also expands disclosure requirements for IHEs that participate in the Federal Perkins Loan program.
Specifically, prior to Perkins Loan disbursement, an IHE must provide notice and explanation to all borrowers regarding unavailability of future Perkins loans, limited Perkins loan repayment and forgiveness options, and Direct Loan consolidation options. Also, an IHE must provide notice and explanation to new and current undergraduate borrowers regarding a comparison of Perkins and Direct loan interest rates.
Cosponsors 17
Members who signed on, in the order they did. Signatures ran from Sep 24, 2015 to Sep 28, 2015; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-WI | Mark Pocan | Original | Sep 24, 2015 |
| R-AL | Bradley Byrne | Sep 28, 2015 | |
| R-NY | Elise M. Stefanik | Sep 28, 2015 | |
| R-WI | Glenn Grothman | Sep 28, 2015 | |
| R-PA | Glenn Thompson | Sep 28, 2015 | |
| R-WA | Jaime Herrera Beutler | Sep 28, 2015 | |
| D-IL | Janice D. Schakowsky | Sep 28, 2015 | |
| D-MI | John Conyers, Jr. | Sep 28, 2015 | |
| R-MN | John Kline | Sep 28, 2015 | |
| D-MA | Katherine M. Clark | Sep 28, 2015 | |
| R-PA | Lou Barletta | Sep 28, 2015 | |
| D-NY | Louise McIntosh Slaughter | Sep 28, 2015 | |
| R-IN | Luke Messer | Sep 28, 2015 | |
| D-CA | Mark DeSaulnier | Sep 28, 2015 | |
| D-VA | Robert C. "Bobby" Scott | Sep 28, 2015 | |
| D-TX | Ruben Hinojosa | Sep 28, 2015 | |
| R-NC | Virginia Foxx | Sep 28, 2015 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Education and Workforce Committee | Referred Sep 24, 2015 |
Actions 17
Everything that happened, newest first.
- Dec 18, 2015Presented to President.
- Dec 18, 2015Signed by President.
- Dec 18, 2015Became Public Law No: 114-105.
- Dec 17, 2015Mr. Bishop (MI) asked unanimous consent that the House agree to the Senate amendment. (consideration: CR H9676)
- Dec 17, 2015Resolving differences -- House actions: On motion that the House agree to the Senate amendment Agreed to without objection. (text as House agreed to Senate amendment: CR H9676)
In the Congressional Record 7
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H9676Text printed H9676Amendments H9676 | Mike Bishop R-MI | Dec 17, 2015 |
| Senate | Debate and remarks S8704–S8707, S8708Text printed S8708Amendments S8708, S8726 | John Boozman R-AR (amendment), Kelly Ayotte R-NH (amendment), Lamar Alexander R-TN (amendment), Rob Portman R-OH, Robert P. Casey Jr. D-PA (amendment), Ron Johnson R-WI (amendment), Tammy Baldwin D-WI (amendment), Thad Cochran R-MS (amendment) | Dec 16, 2015 |
| Senate | Debate and remarks S7398–S7404, S7408 | Barbara Boxer D-CA, Christopher A. Coons D-DE, Christopher Murphy D-CT, John McCain R-AZ, Lamar Alexander R-TN, Richard Blumenthal D-CT, Rob Portman R-OH, Robert P. Casey Jr. D-PA, Tammy Baldwin D-WI | Oct 21, 2015 |
| Senate | Debate and remarks S7028–S7032, S7043 | Kelly Ayotte R-NH, Lamar Alexander R-TN, Richard J. Durbin D-IL, Robert P. Casey Jr. D-PA, Ron Johnson R-WI, Tammy Baldwin D-WI | Sep 30, 2015 |
| Senate · Extensions | Debate and remarks E1383, S6988–S6990, S6992–S6994, S7001 | Jack Reed D-RI, Kelly Ayotte R-NH, Patty Murray D-WA, Rob Portman R-OH, Robert P. Casey Jr. D-PA, Ruben Hinojosa D-TX, Susan M. Collins R-ME, Tammy Baldwin D-WI | Sep 29, 2015 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 161, no. 138, September 24, 2015, page H6227.
CRS reports 12
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
About this bill 1
Products that name it in their title: its number, its law number or one of its short titles.
| Product | Title | Kind | Published |
|---|---|---|---|
| R44343 | The Federal Perkins Loan Program Extension Act of 2015: In Brief Archived | Report | Jan 14, 2016 |
Also cite it 11
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| IF12804 | Federal Student Loan Program Models | Resource | Nov 1, 2024 |
| R46484 | Understanding Federal Legislation: A Sectionby-Section Guide to Key Legal Considerations | Report | May 19, 2022 |
| R44477 | Department of Education Funding: Key Concepts and FAQ | Report | Feb 19, 2019 |
| IF10267 | Magnuson-Stevens Fishery Conservation and Management Act (MSA): Reauthorization Issues for the 115th Congress Archived | Resource | Jul 27, 2018 |
| R45115 | H.R. 4508, the PROSPER Act: Proposed Reauthorization of the Higher Education Act Archived | Report | Feb 22, 2018 |
Amendments 1
Amendments offered to this bill.
| Amendment | Description | Offered by | Status |
|---|---|---|---|
| SA 2929 | In the nature of a substitute. | Lamar Alexander R-TN | Amendment SA 2929 agreed to in Senate by Unanimous Consent. |
Titles 5
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To extend temporarily the Federal Perkins Loan program, and for other purposes.
- Short Titles as Introduced
- Higher Education Extension Act of 2015
- Short Titles as Passed House
- Higher Education Extension Act of 2015
- Short Titles as Passed Senate
- Federal Perkins Loan Program Extension Act of 2015
- Short Titles as Enacted
- Federal Perkins Loan Program Extension Act of 2015
Subjects
Assigned by the Library of Congress. Policy area: Education.
Text 5
Each version as it was printed, newest first.
- —Enrolled Bill
- Dec 16, 2015Engrossed Amendment Senate
- Sep 29, 2015Received in Senate
- Sep 28, 2015Engrossed in House
- Sep 24, 2015Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
