Income-Dependent Education Assistance Act of 2007

Summary

Income-Dependent Education Assistance Act of 2007 - Directs the Secretary of Education to conduct a direct income-dependent education assistance (IDEA) loan program, from July 1, 2008, through July 1, 2014, under which student borrowers of Federal Family Education Loans (FFELs) or Direct Loans (DLs), under parts B and D of title IV of the Higher Education Act of 1965, may elect to convert or consolidate such loans to direct IDEA loans. Provides that when a student defaults on a loan under the FFEL or DL programs and it is repaid or canceled by the Secretary, it is thereby converted to a direct IDEA loan. Amends the Internal Revenue Code to provide for collection of IDEA loan repayments through the income tax collection system.

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Timeline

1. 23 May 2007

   Introduced

   Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 23 May 2007

   Introduced

   Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 23 May 2007

   Introduced

   Sponsor introductory remarks on measure. (CR E1136)

   Source: IntroReferral

4. 23 May 2007

   Introduced

   Introduced in House

   Source: IntroReferral

5. 23 May 2007

   Introduced

   Introduced in House

   Source: IntroReferral

6. 17 July 2007

   Referred

   Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 23 May 2007 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 23 May 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 23 May 2007

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 23 May 2007

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Petri, Thomas E. [R-WI-6] · R · Sponsor
• Rep. Marshall, Jim [D-GA-8] · D · Cosponsor
• · hsed00 · Standing
• · hswm00 · Standing

Related records

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