United States · Bill · S
S. 1003 (113th)
Comprehensive Student Loan Protection Act
Introduced
21 May 2013
Last action
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Status
Cloture on the motion to proceed to measure not invoked in Senate by Yea-Nay Vote. 40 - 57. Record Vote Number: 142. (consideration: CR S3976-3977; text: CR S3977)
Sponsors
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Subjects
Discovery layer
Source updated
5 December 2025
Summary
Comprehensive Student Loan Protection Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to set the interest rate on Direct Loans, for any 12-month period beginning on July 1 and ending on June 30, at the bond equivalent rate of 10-year Treasury bills auctioned at the final auction held prior to such June 1, plus 3%. Makes: (1) that formula applicable to Direct Loans first disbursed on or after July 1, 2013, and (2) the rate set on such loans applicable for the life of the loans. Requires any savings to the federal government that result from this Act's amendment to be used for deficit reduction.
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Votes
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Versions
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Documents
3 official files
Placed on Calendar Senate (text)
Placed on Calendar Senate · EN · 22 May 2013
Placed on Calendar Senate (PDF)
Placed on Calendar Senate · EN · 22 May 2013
Introduced in Senate
summary · EN · 21 May 2013
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/113th-congress/senate-bill/1003
- Open data entity: https://api.congress.gov/v3/bill/113/s/1003