A bill to amend the Higher Education Act of 1965 to provide reduced rates of interest under the Guaranteed Student Loan Program to individuals who enter the teaching profession.

Summary

Amends the Higher Education Act of 1965 to apply an interest rate of four percent (the current minimum rate is seven percent) on the unpaid balance of a guaranteed student loan of any borrower who has a deferment to serve as a full-time elementary or secondary teacher in a teacher shortage area. Applies this reduced rate from the end of such deferment until the end of the loan repayment period or until the person ceases full-time teaching, whichever occurs first. Excludes supplemental loans, PLUS loans, and consolidation loans from such treatment.

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

Timeline

1. 20 May 1987

   Introduced

   Referred to House Committee on Education and Labor.

   Source: IntroReferral

2. 20 May 1987

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 May 1987

   Introduced

   Introduced in House

   Source: IntroReferral

4. 22 June 1987

   Referred

   Referred to Subcommittee on Postsecondary Education.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 20 May 1987

  Open at official source

Sponsors

• Rep. Shaw, E. Clay, Jr. [R-FL-15] · R · Sponsor
• Rep. Lagomarsino, Robert J. [R-CA-19] · R · Sponsor
• · hsed00 · Standing

Related records

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