Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- H.R.4834
H.R.4834: Student Debt Reduction Act
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about education
- Introduced March 11, 2010
- Latest Major Action April 30, 2010
Bill Sponsor
Bill Summary
Student Debt Reduction Act - Amends the Higher Education Act of 1965 to cap annual, income-based, student loan repayments under the Federal Family Education Loan and Direct Loan programs at 10% (currently, 15%) of the amount by which a borrower's and the borrower's spouse's adjusted gross income exceeds 150% of the poverty line. Requires the Secretary of Education to cancel or repay such loans after 20 (currently, 25) years.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Education and Labor.
|
|
|
Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
|
|
| March 11, 2010 |
Introduced in the House by Mark Schauer (D-Mich.) |