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United States · Bill · S

S. 1294 (105th)

Emergency Student Loan Consolidation Act of 1997

openUnited States· United States Congress· EN

Introduced

9 October 1997

Last action

31 October 1997 · Introduced

Status

Sponsor introductory remarks on measure. (CR S11534-11536)

Sponsors

Sen. Jeffords, James M. [I-VT]

Subjects

Taxation, Education

Source updated

21 April 2025

Taxation · Education

Summary

Emergency Student Loan Consolidation Act of 1997 - Amends the Higher Education Act of 1965 (HEA) to allow until October 1, 1998, the consolidation, under the Federal Family Education Loan Program (FFELP), of all of a student's loans under both the FFELP and the Direct Loan Program. (Authorizes such consolidation of loans under both programs into single FFELP consolidation loans, which may be administered by entities other than the Department of Education, for an emergency period until October 1, 1998, to provide time to reduce a backlog in processing consolidation of both types of loans into Direct Lending Consolidation loans administered by the Department of Education.) Reduces the amount of certain funds available for administrative expenses under HEA student assistance provisions. Revises HEA need analysis requirements to reduce the family contribution for dependent or independent students by the amount of the Hope Tax Credit taken by the student, the student's parents, or the student's spouse (thus providing that students will not receive reduced financial aid as a result of qualifying for and receiving the new Hope Tax Credits under the Internal Revenue Code).

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

Timeline

  1. 9 October 1997

    Introduced

    Read twice and referred to the Committee on Labor and Human Resources.

    Source: IntroReferral

  2. 9 October 1997

    Introduced

    Sponsor introductory remarks on measure. (CR S10807-10808)

    Source: IntroReferral

  3. 9 October 1997

    Introduced

    Introduced in Senate

    Source: IntroReferral

  4. 22 October 1997

    Reported

    Committee on Labor and Human Resources. Ordered to be reported with an amendment in the nature of a substitute favorably.

    Source: Committee

  5. 29 October 1997

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 235.

    Source: Calendars

  6. 29 October 1997

    Reported

    Committee on Labor and Human Resources. Reported to Senate by Senator Jeffords with an amendment in the nature of a substitute. With written report No. 105-122. Additional views filed.

    Source: Committee

  7. 29 October 1997

    Reported

    Committee on Labor and Human Resources. Reported to Senate by Senator Jeffords with an amendment in the nature of a substitute. With written report No. 105-122. Additional views filed.

    Source: Committee

  8. 31 October 1997

    Introduced

    Sponsor introductory remarks on measure. (CR S11534-11536)

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Reported to Senate (text)

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Leesvertaling

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  • Reported to Senate (text)

    Reported to Senate · EN · 29 October 1997

    ViewDownloadOpen at official source

  • Reported to Senate (PDF)

    Reported to Senate · EN · 29 October 1997

    ViewDownloadOpen at official source

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  • Reported to Senate with amendment(s)

    summary · EN · 29 October 1997

    Open at official source

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 9 October 1997

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 9 October 1997

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  • Introduced in Senate

    summary · EN · 9 October 1997

    Open at official source

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Sponsors

Related records

Sources

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