Comprehensive Student Loan Protection Act

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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Timeline

1. 9 April 2013

   Introduced

   Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

   Source: IntroReferral

2. 9 April 2013

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 9 April 2013 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 9 April 2013

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 9 April 2013

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 9 April 2013

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Coburn, Tom [R-OK] · R · Sponsor
• Sen. Burr, Richard [R-NC] · R · Sponsor
• Sen. Alexander, Lamar [R-TN] · R · Sponsor
• Sen. Isakson, Johnny [R-GA] · R · Cosponsor
• Sen. Heller, Dean [R-NV] · R · Cosponsor
• Sen. Kirk, Mark Steven [R-IL] · R · Cosponsor
• · sshr00 · Standing

Related records

• related to → To amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.
• related to → To extend the interest rate for Federal Direct Stafford Loans.
• related to → Student Loan Relief Act of 2013
• related to → Stability to Ensure the American Dream for Youth Act
• related to ← Student Loan Affordability Act of 2013
• related to ← Comprehensive Student Loan Protection Act