Student Loan Default Collection Act of 1989

Summary

Student Loan Default Collection Act of 1989 - Amends the Higher Education Act of 1965 to establish a student loan default reduction program. Establishes such program as an amnesty program for student loan defaulters on guaranteed loans under the Robert T. Stafford Student Loan Program. Allows borrowers with defaulted loans to fully repay the debt: (1) without penalties; (2) with any information on the defaulted loans removed from credit bureaus; and (3) with their student aid eligibility restored. Directs the Secretary of Education (the Secretary) to sell to an eligible lender the loans of students: (1) who are in default because of a clerical error; or (2) who have made 12 consecutive payments on a defaulted loan (with the student aid eligibility of such students to be restored). Directs the Secretary to widely publicize the availability of such amnesty program.

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

Timeline

1. 18 April 1989

   Introduced

   Referred to the House Committee on Education and Labor.

   Source: IntroReferral

2. 18 April 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 April 1989

   Introduced

   Introduced in House

   Source: IntroReferral

4. 9 June 1989

   Referred

   Referred to the Subcommittee on Postsecondary Education.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 18 April 1989

  Open at official source

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Sponsors

• Rep. Jontz, Jim [D-IN-5] · D · Sponsor
• Rep. Gaydos, Joseph M. [D-PA-20] · D · Sponsor
• Rep. Smith, Peter [R-VT-At Large] · R · Sponsor
• Rep. Penny, Timothy J. [D-MN-1] · D · Sponsor
• Rep. Perkins, Carl C. [D-KY-7] · D · Sponsor
• Rep. Owens, Major R. [D-NY-11] · D · Sponsor
• Rep. Rahall, Nick J., II [D-WV-3] · D · Sponsor
• Rep. Towns, Edolphus [D-NY-10] · D · Sponsor
• Rep. Porter, John Edward [R-IL-10] · R · Sponsor
• Rep. Atkins, Chester G. [D-MA-5] · D · Sponsor
• Rep. Lewis, John [D-GA-5] · D · Cosponsor
• Rep. Bilbray, James H. [D-NV-1] · D · Cosponsor
• Rep. Hayes, Charles A. [D-IL-1] · D · Cosponsor
• Rep. Ford, William D. [D-MI-13] · D · Cosponsor
• Rep. Davis, Robert W. [R-MI-11] · R · Cosponsor
• Rep. Gejdenson, Sam [D-CT-2] · D · Cosponsor
• Rep. Payne, Donald M. [D-NJ-10] · D · Cosponsor
• Rep. Staggers, Harley O., Jr. [D-WV-2] · D · Cosponsor
• Rep. Campbell, Tom [R-CA-15] · R · Cosponsor
• Rep. Traficant, James A., Jr. [D-OH-17] · D · Cosponsor
• Rep. Schuette, Bill [R-MI-10] · R · Cosponsor
• · hsed00 · Standing

Related records

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