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United States · Bill · HR

H.R. 5150 (109th)

Reverse the Raid on Student Aid Act of 2006

referredUnited States· United States Congress· EN

Introduced

6 April 2006

Last action

Status

Referred to the Subcommittee on 21st Century Competitiveness.

Sponsors

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)

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