Student Loan Amendments

Summary

Student Loan Amendments - Provides for the elimination of the defense of infancy with respect to non-payment of federally insured student loans made pursuant to the Higher Education Act of 1965. Authorizes students who have elected to repay student loans in less than 5 years to, at any time prior to completion of repayment, extend the repayment period to 5 years. Provides for a minimum annual payment of $360 for married couples both of whom have loans outstanding. Provides that lenders may be paid interest on the aggregate amount of multiple disbursements to a student from the time the first disbursement is made for the particular period of enrollment. Mandates the availability to eligible educational institutions of the latest known address of the student borrower. Provides that defaulting students shall be ineligible for future student assistance. Eliminates proprietary institutions as eligible lenders under the Higher Education Act of 1965. Provides that educational loans be dischargeable in bankruptcy.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in Senate

  summary · EN · 18 March 1975

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.