United States · Bill · HR
H.R. 5150 (109th)
Reverse the Raid on Student Aid Act of 2006
Introduced
6 April 2006
Last action
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Status
Referred to the Subcommittee on 21st Century Competitiveness.
Sponsors
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Subjects
Discovery layer
Source updated
23 March 2026
Summary
Reverse the Raid on Student Aid Act of 2006 - Amends the Higher Education Act of 1965 to cut student loan interest rates to 3.4% for student borrowers and 4.25% for parent borrowers under the Federal Family Education Loan (FFEL) and William D. Ford Direct Loan programs for loans whose first disbursement is made on or after July 1, 2006. Maintains the current 6.8% interest rate, however, for unsubsidized Stafford loans for middle-income borrowers under such programs.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 6 April 2006
Introduced in House (PDF)
Introduced in House · EN · 6 April 2006
Introduced in House
summary · EN · 6 April 2006
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/109th-congress/house-bill/5150
- Open data entity: https://api.congress.gov/v3/bill/109/hr/5150