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- H.R.3047
H.R.3047: To authorize borrowers of loans under the William D. Ford Federal Direct Loan Program to modify the interest rate of such loans to be equal to the interest rate for such loans at the time of modification.
About This Bill
- Introduced Aug. 2, 2013
- Latest Major Action Sept. 13, 2013
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (All Democrats)
Bill Summary
Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow a borrower of a loan under the William D. Ford Federal Direct Loan program to modify the interest rate on such a loan so that its interest rate is equal to the interest rate it would bear if first disbursed at the time of modification. Fixes that interest rate for the life of the loan, unless the borrower elects to modify it again.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
Sept. 13, 2013 |
Referred to the Subcommittee on Higher Education and Workforce Training.
|
Aug. 2, 2013 |
Referred to the House Committee on Education and the Workforce.
|
Aug. 2, 2013 |
Introduced in the House by Mark Pocan (D-Wis.) |