Student Loan Default Reduction Amendments of 1990

Summary

Student Loan Default Reduction Amendments of 1990 - Amends the Higher Education Act of 1965 with respect to reduction of student loan defaults. Requires provision for graduated repayment of student loans under federally insured student loans and the insurance program under the guaranteed student (or Stafford) loan program. Restricts certain institutional promotional activities. Sets forth wage garnishment requirements for collection of student loan repayments. Directs the Secretary of Education to take certain emergency actions against lenders and institutions. Requires that students admitted on the basis of ability to benefit pass certain tests prior to enrollment. Sets forth the effect of loss of accreditation on an institution's eligibility to participate in student loan and assistance programs. Requires eligible institutions participating in student loan and assistance programs to have certain tuition refund policies.

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Timeline

1. 29 January 1990

   Introduced

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

   Source: IntroReferral

2. 29 January 1990

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 5 February 1990

   Referred

   Referred to Subcommittee on Education, Arts, Humanities.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · undated · Official file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 29 January 1990

  Open at official source

Sponsors

• Sen. Gramm, Phil [R-TX] · R · Sponsor
• Sen. Dole, Robert J. [R-KS] · R · Sponsor
• · sshr00 · Standing

Related records

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