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United States · Bill · HR

H.R. 14147 (95th)

Capital Availability for Higher Education Act

referredUnited States· United States Congress· EN

Introduced

21 September 1978

Last action

21 September 1978 · Introduced

Status

Referred to House Committee on Education and Labor.

Sponsors

Rep. Maguire, Andrew [D-NJ-7], Rep. Steiger, William A. [R-WI-6], Rep. Benjamin, Adam, Jr. [D-IN-1], Rep. Carr, Bob [D-MI-8], Rep. Collins, Cardiss [D-IL-7], Rep. Downey, Thomas J. [D-NY-2], Rep. Eilberg, Joshua [D-PA-4], Rep. Heftel, Cecil [D-HI-1], Rep. Livingston, Bob [R-LA-1], Rep. Mineta, Norman Y. [D-CA-15], Rep. Mitchell, Parren J. [D-MD-7], Rep. Nolan, Richard M. [D-MN-8], Rep. Patten, Edward J. [D-NJ-15], Rep. Patterson, Jerry M. [D-CA-38], Rep. Pattison, Edward W. [D-NY-29], Rep. Seiberling, John F. [D-OH-14], Rep. Spellman, Gladys Noon [D-MD-5], Rep. Whitley, Charles O., Sr. [D-NC-3]

Subjects

Education

Source updated

2 September 2025

Education

Official sourceView documentsShare

Summary

Capital Availability for Higher Education Act - Amends the Higher Education Act of 1965 to: (1) raise from $2,500 to $3,500 the limit per academic year on federally insured loans to undergraduate students; (2) raise from $7,500 to $10,500 the total amount of such loans per undergraduate student; and (3) remove the $15,000 loan ceiling for graduate students. Authorizes eligible lenders to elect to have such loans collected by the Federal Government through the Secretary of the Treasury and the Commissioner of Education. Establishes guidelines and requirements for such program, including the deduction and withholding of wages by employers of student borrowers. Establishes the Guaranteed Student Loan Fund in the United States Treasury to repay funds withheld from the wages borrowers to lenders. Establishes an advisory panel to consider questions relating to such federally insured higher education loans.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 21 September 1978

    Introduced

    Referred to House Committee on Education and Labor.

    Source: IntroReferral

  2. 21 September 1978

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 21 September 1978

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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