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United States · Bill · HR

H.R. 1617 (109th)

To allow borrowers consolidating student loans to choose a variable or fixed interest rate, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

13 April 2005

Last action

Status

Referred to the Subcommittee on 21st Century Competitiveness.

Sponsors

Subjects

Discovery layer

Source updated

23 March 2026

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.

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Documents

3 official files

Introduced in House (text)

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