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- H.R.1617
H.R.1617: To allow borrowers consolidating student loans to choose a variable or fixed interest rate, and for other purposes.
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about education
- Introduced April 13, 2005
- Latest Major Action April 29, 2005
Bill Sponsor
Bill Summary
Amends the Higher Education Act of 1965 (HEA) to allow borrowers consolidating student loans to choose: (1) a variable or fixed interest rate; and (2) the loan consolidator. Provides for the Federal Government's recapture of excess interest charged by lenders, under HEA provisions for special allowances for lenders of student loans.
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Referred to the House Committee on Education and the Workforce.
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Referred to the Subcommittee on 21st Century Competitiveness.
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| April 13, 2005 |
Introduced in the House by Tom Petri (R-Wis.) |