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United States · Bill · HR

H.R. 5 (110th)

College Student Relief Act of 2007

referredUnited States· United States Congress· EN

Introduced

12 January 2007

Last action

17 January 2007 · Floor

Status

Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Sponsors

Rep. Miller, George [D-CA-11], Rep. Courtney, Joe [D-CT-2], Rep. Kildee, Dale E. [D-MI-5], Rep. Payne, Donald M. [D-NJ-10], Rep. Andrews, Robert E. [D-NJ-1], Rep. Scott, Robert C. "Bobby" [D-VA-3], Rep. Woolsey, Lynn C. [D-CA-6], Rep. Hinojosa, Ruben [D-TX-15], Rep. McCarthy, Carolyn [D-NY-4], Rep. Tierney, John F. [D-MA-6], Rep. Kucinich, Dennis J. [D-OH-10], Rep. Wu, David [D-OR-1], Rep. Holt, Rush [D-NJ-12], Rep. Davis, Susan A. [D-CA-53], Rep. Davis, Danny K. [D-IL-7], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Bishop, Timothy H. [D-NY-1], Rep. Sánchez, Linda T. [D-CA-38], Rep. Altmire, Jason [D-PA-4], Rep. Clarke, Yvette D. [D-NY-9], Rep. Hare, Phil [D-IL-17], Sen. Hirono, Mazie K. [D-HI], Rep. Loebsack, David [D-IA-2], Rep. Sarbanes, John P. [D-MD-3], Rep. Sestak, Joe [D-PA-7], Rep. Shea-Porter, Carol [D-NH-1], Rep. Yarmuth, John A. [D-KY-3], Rep. Ackerman, Gary L. [D-NY-5], Rep. Allen, Thomas H. [D-ME-1], Rep. Arcuri, Michael A. [D-NY-24], Rep. Baca, Joe [D-CA-43], Rep. Baird, Brian [D-WA-3], Sen. Baldwin, Tammy [D-WI], Rep. Bean, Melissa L. [D-IL-8], Rep. Becerra, Xavier [D-CA-34], Rep. Berkley, Shelley [D-NV-1], Rep. Berman, Howard L. [D-CA-28], Rep. Berry, Marion [D-AR-1], Rep. Blumenauer, Earl [D-OR-3], Del. Bordallo, Madeleine Z. [D-GU-At Large], Rep. Boren, Dan [D-OK-2], Rep. Boswell, Leonard L. [D-IA-3], Rep. Boucher, Rick [D-VA-9], Rep. Boyda, Nancy E. [D-KS-2], ROBERT BRADY, Rep. Braley, Bruce L. [D-IA-1], Rep. Butterfield, G. K. [D-NC-1], Rep. Capps, Lois [D-CA-24]

Subjects

Education

Source updated

21 July 2025

Education

Official sourceDownload fileView documentsShare

Summary

College Student Relief Act of 2007 - Amends the Higher Education Act of 1965 to phase-in cuts in the interest rate charged undergraduate student borrowers under the Federal Family Education Loan (FFEL) and Direct Loan (DL) programs, thereby reducing such rate from 6.8% in July 2006 to 3.4% in July 2011. Limits FFEL lender insurance to 95% of the unpaid balance of such loans. (Currently, 97% of a FFEL issued after June 2006 is federally-insured.) Provides for graduated reductions in the percentage of defaulted FFEL loan collections a guaranty agency is allowed to retain until, beginning in October 2010, it is equal to the average rate paid to collection agencies that have contracts with the Secretary of Education. Eliminates exceptional performer status for lenders, servicers, and guaranty agencies, which rewards such entities for high due diligence in FFEL collection. Reduces special allowance payments made to FFEL lenders to compensate them for the difference between FFEL interest rates and market rates. Exempts small lenders from such reduction. Increases the loan fee charged FFEL lenders from .5% to 1% of the principal amount of loans disbursed after June 2007. Prohibits its collection from borrowers. Increases, after June 2007, the rebate fee charged a holder of FFEL consolidated loans, provided that at least 90% of the total principal and accrued unpaid interest outstanding on loans held by such holder are such loans.

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

Timeline

  1. 12 January 2007

    Introduced

    Referred to the House Committee on Education and Labor.

    Source: IntroReferral

  2. 12 January 2007

    Introduced

    Sponsor introductory remarks on measure. (CR E101-102)

    Source: IntroReferral

  3. 12 January 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 12 January 2007

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 16 January 2007

    Reported

    Rules Committee Resolution H. Res. 65 Reported to House. Rule provides for consideration of H.R. 5 with 3 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments.

    Source: Floor

  6. 17 January 2007

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

    Source: IntroReferral

  7. 17 January 2007

    Floor

    The previous question was ordered pursuant to the rule. (consideration: CR H628)

    Source: Floor

  8. 17 January 2007

    Floor

    Considered under the provisions of rule H. Res. 65. (consideration: CR H597-631)

    Source: Floor

  9. 17 January 2007

    Passed

    Rule H. Res. 65 passed House.

    Source: Floor

  10. 17 January 2007

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  11. 17 January 2007

    Vote

    On passage Passed by the Yeas and Nays: 356 - 71 (Roll no. 32). (text: CR H597-598)

    Source: Floor

  12. 17 January 2007

    Vote

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 356 - 71 (Roll no. 32).(text: CR H597-598)

    Source: Floor

  13. 17 January 2007

    Vote

    On motion to recommit with instructions Failed by the Yeas and Nays: 186 - 241 (Roll no. 31).

    Source: Floor

  14. 17 January 2007

    Floor

    The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H630)

    Source: Floor

  15. 17 January 2007

    Floor

    Rule provides for consideration of H.R. 5 with 3 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments.

    Source: Floor

  16. 17 January 2007

    Floor

    Mr. McKeon moved to recommit with instructions to Education and Labor. (consideration: CR H628-630; text: CR H628-629)

    Source: Floor

Votes

No vote records are attached yet.

Versions

Documents

8 official files

Referred in Senate (text)

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Leesvertaling

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  • Referred in Senate (text)

    Referred in Senate · EN · 17 January 2007

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  • Referred in Senate (PDF)

    Referred in Senate · EN · 17 January 2007

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  • Engrossed in House (text)

    Engrossed in House · EN · 17 January 2007

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 17 January 2007

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  • Passed House without amendment

    summary · EN · 17 January 2007

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  • Introduced in House (text)

    Introduced in House · EN · 12 January 2007

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  • Introduced in House (PDF)

    Introduced in House · EN · 12 January 2007

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  • Introduced in House

    summary · EN · 12 January 2007

    Open at official source

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Sponsors

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Sources

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