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Public Law113th CongressEducation
H.R. 1911Became Law

Bipartisan Student Loan Certainty Act of 2013

This bill became law

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What it doesSummary public law (Aug 9, 2013)

Bipartisan Student Loan Certainty Act of 2013 - (Sec. 2) Amends title IV (Student Assistance) of the Higher Education Act of 1965 (HEA) to set the annual interest rate on Direct Stafford loans and Direct Unsubsidized Stafford loans issued to undergraduate students at the rate on high-yield 10-year Treasury notes plus 2.05%, but caps that rate at 8.25%.

Sets the annual interest rate on Direct Unsubsidized Stafford loans issued to graduate or professional students at the rate on high-yield 10-year Treasury notes plus 3.6%, but caps that rate at 9.5%.

Sets the annual interest rate on Direct PLUS loans at the rate on high-yield 10-year Treasury notes plus 4.6%, but caps that rate at 10.5%.

Limits the applicability of the preceding provisions to loans first disbursed on or after July 1, 2013.

Fixes the interest rate on Direct Stafford loans, Direct Unsubsidized Stafford loans, and Direct PLUS loans for the period of the loan.

Sets the annual interest rate on Direct Consolidation loans for which an application is received on or after July 1, 2013, at the weighted average of the interest rates on the loans consolidated, rounded to the nearest higher one-eighth of 1%.

(Sec. 3) Provides that the budgetary effects of this Act shall not be entered on specified PAYGO scorecards.

(Sec. 4) Directs the Comptroller General (GAO) to conduct a study and report to Congress on the actual cost to the federal government of carrying out the federal student loan programs authorized under title IV of the HEA.

What just happenedAug 9, 2013

Became Public Law No: 113-28.

Who’s behind it

Rep. Kline, John [R-MN-2](R-MN)Sponsor
5 cosponsors5 R
Read on Congress.gov
5cosponsors2committees44actions5amendments2related bills13subjects
  • Enrolled Bill
  • Engrossed Amendment SenateJul 24, 2013
  • Placed on Calendar SenateJul 18, 2013
  • Engrossed in HouseMay 23, 2013
  • Reported in HouseMay 20, 2013
  • Introduced in HouseMay 9, 2013
  • Public LawAug 10, 2013
  1. Aug 9, 2013President

    Became Public Law No: 113-28.

  2. Aug 9, 2013BecameLaw36000

    Became Public Law No: 113-28.

  3. Aug 9, 2013President

    Signed by President.

  4. Aug 9, 2013BecameLaw36000

    Signed by President.

  5. Aug 1, 2013Floor

    Presented to President.

  6. Aug 1, 2013President28000

    Presented to President.

  7. Jul 31, 2013ResolvingDifferencesH41931

    Motion to reconsider laid on the table Agreed to without objection.

  8. Jul 31, 2013ResolvingDifferencesH41610

    On motion that the House suspend the rules and agree to the Senate amendment Agreed to by the Yeas and Nays: (2/3 required): 392 - 31 (Roll no. 426). (text as House agreed to Senate amendment: CR H5214-5215)

  9. Jul 31, 2013NotUsed19500

    Resolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendment Agreed to by the Yeas and Nays: (2/3 required): 392 - 31 (Roll no. 426).(text as House agreed to Senate amendment: CR H5214-5215)

  10. Jul 31, 2013FloorH8D000

    Considered as unfinished business. (consideration: CR H5240-5241)

  11. Jul 31, 2013ResolvingDifferencesH40142

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the chair announced that further proceedings on the motion would be postponed.

  12. Jul 31, 2013FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on the motion to agree in the Senate amendment to H.R. 1911.

  13. Jul 31, 2013ResolvingDifferencesH40140

    Mr. Kline moved that the House suspend the rules and agree to the Senate amendment. (consideration: CR H5214-5221)

  14. Jul 24, 2013Floor

    Message on Senate action sent to the House.

  15. Jul 24, 2013Floor

    Passed Senate, under the order of 7/23/2013, having achieved 60 votes in the affirmative, with an amendment by Yea-Nay Vote. 81 - 18. Record Vote Number: 185. (text: CR S5894)

  16. Jul 24, 2013Floor17000

    Passed/agreed to in Senate: Passed Senate, under the order of 7/23/2013, having achieved 60 votes in the affirmative, with an amendment by Yea-Nay Vote. 81 - 18. Record Vote Number: 185.(text: CR S5894)

  17. Jul 24, 2013Floor

    Measure laid before Senate by unanimous consent. (consideration: CR S5863-5894)

  18. Jul 18, 2013Calendars

    Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 139.

  19. Jul 17, 2013Calendars

    Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

  20. Jun 3, 2013IntroReferral

    Received in the Senate.

  21. May 23, 2013FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  22. May 23, 2013FloorH37100

    On passage Passed by recorded vote: 221 - 198 (Roll no. 183).

  23. May 23, 2013Floor8000

    Passed/agreed to in House: On passage Passed by recorded vote: 221 - 198 (Roll no. 183).

  24. May 23, 2013FloorH36110

    On motion to recommit with instructions Failed by the Yeas and Nays: 194 - 223 (Roll no. 182).

  25. May 23, 2013FloorH8A000

    The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2938)

  26. May 23, 2013FloorH8D000

    DEBATE - The House proceeded with 10 minutes of debate on the Sinema motion to recommit with instructions pending a reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment adding a new section pertaining to protecting students from teaser interest rates that lead to higher long-term costs. Subsequently, the reservation was removed.

  27. May 23, 2013FloorH36100

    Ms. Sinema moved to recommit with instructions to Education and the Workforce. (consideration: CR H2937-2939; text: CR H2937)

  28. May 23, 2013FloorH35000

    The previous question was ordered pursuant to the rule. (consideration: CR H2937)

  29. May 23, 2013FloorH8D000

    DEBATE - The House proceeded with one hour of debate on H.R. 1911.

  30. May 23, 2013FloorH8D000

    Rule provides for consideration of H.R. 1911 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments.

  31. May 23, 2013FloorH30000

    Considered under the provisions of rule H. Res. 232. (consideration: CR H2926-2940; text of amendment in the nature of a substitute: CR H2927)

  32. May 23, 2013FloorH1L220

    Rule H. Res. 232 passed House.

  33. May 22, 2013FloorH1L210

    Rules Committee Resolution H. Res. 232 Reported to House. Rule provides for consideration of H.R. 1911 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Bill is closed to amendments.

  34. May 20, 2013CalendarsH12410

    Placed on the Union Calendar, Calendar No. 57.

  35. May 20, 2013DischargeH12300

    Committee on Budget discharged.

  36. May 20, 2013Committee5500

    Committee on Budget discharged.

  37. May 20, 2013CommitteeH12200

    Reported (Amended) by the Committee on Education and the Workforce. H. Rept. 113-82, Part I.

  38. May 20, 2013Committee5000

    Reported (Amended) by the Committee on Education and the Workforce. H. Rept. 113-82, Part I.

  39. May 16, 2013Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 13.

  40. May 16, 2013Committee

    Committee Consideration and Mark-up Session Held.

  41. May 9, 2013IntroReferralH11100

    Referred to the Committee on Education and the Workforce, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  42. May 9, 2013IntroReferralH11100

    Referred to the Committee on Education and the Workforce, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  43. May 9, 2013IntroReferralIntro-H

    Introduced in House

  44. May 9, 2013IntroReferral1000

    Introduced in House

Public LawAug 9, 201349

Bipartisan Student Loan Certainty Act of 2013 - (Sec. 2) Amends title IV (Student Assistance) of the Higher Education Act of 1965 (HEA) to set the annual interest rate on Direct Stafford loans and Direct Unsubsidized Stafford loans issued to undergraduate students at the rate on high-yield 10-year Treasury notes plus 2.05%, but caps that rate at 8.25%.

Sets the annual interest rate on Direct Unsubsidized Stafford loans issued to graduate or professional students at the rate on high-yield 10-year Treasury notes plus 3.6%, but caps that rate at 9.5%.

Sets the annual interest rate on Direct PLUS loans at the rate on high-yield 10-year Treasury notes plus 4.6%, but caps that rate at 10.5%.

Limits the applicability of the preceding provisions to loans first disbursed on or after July 1, 2013.

Fixes the interest rate on Direct Stafford loans, Direct Unsubsidized Stafford loans, and Direct PLUS loans for the period of the loan.

Sets the annual interest rate on Direct Consolidation loans for which an application is received on or after July 1, 2013, at the weighted average of the interest rates on the loans consolidated, rounded to the nearest higher one-eighth of 1%.

(Sec. 3) Provides that the budgetary effects of this Act shall not be entered on specified PAYGO scorecards.

(Sec. 4) Directs the Comptroller General (GAO) to conduct a study and report to Congress on the actual cost to the federal government of carrying out the federal student loan programs authorized under title IV of the HEA.

Passed Senate amendedJul 24, 201335

Bipartisan Student Loan Certainty Act of 2013 - (Sec. 2) Amends title IV (Student Assistance) of the Higher Education Act of 1965 (HEA) to set the annual interest rate on Direct Stafford loans and Direct Unsubsidized Stafford loans issued to undergraduate students at the rate on high-yield 10-year Treasury notes plus 2.05%, but caps that rate at 8.25%.

Sets the annual interest rate on Direct Unsubsidized Stafford loans issued to graduate or professional students at the rate on high-yield 10-year Treasury notes plus 3.6%, but caps that rate at 9.5%.

Sets the annual interest rate on Direct PLUS loans at the rate on high-yield 10-year Treasury notes plus 4.6%, but caps that rate at 10.5%.

Limits the applicability of the preceding provisions to loans first disbursed on or after July 1, 2013.

Fixes the interest rate on Direct Stafford loans, Direct Unsubsidized Stafford loans, and Direct PLUS loans for the period of the loan.

Sets the annual interest rate on Direct Consolidation loans for which an application is received on or after July 1, 2013, at the weighted average of the interest rates on the loans consolidated, rounded to the nearest higher one-eighth of 1%.

(Sec. 3) Provides that the budgetary effects of this Act shall not be entered on specified PAYGO scorecards.

(Sec. 4) Directs the Comptroller General (GAO) to conduct a study and report to Congress on the actual cost to the federal government of carrying out the federal student loan programs authorized under title IV of the HEA.

Passed House amendedMay 23, 201336

Title I: Smarter Solutions for Students Act - Smarter Solutions for Students Act - (Sec. 102) Amends title IV (Student Assistance) of the Higher Education Act of 1965 to set the annual interest rate on Direct Stafford loans and Direct Unsubsidized Stafford loans at the rate on high-yield 10-year Treasury notes plus 2.5%, but caps that rate at 8.5%.

Sets the annual interest rate on Direct PLUS loans at the rate on high-yield 10-year Treasury notes plus 4.5%, but caps that rate at 10.5%.

Limits the applicability of the preceding provisions to loans first disbursed on or after July 1, 2013.

Sets the annual interest rate on Direct Consolidation loans for which an application is received on or after July 1, 2013, at the weighted average of the interest rates on the loans consolidated, rounded to the nearest higher one-eighth of 1%.

(Sec. 103) Provides that the budgetary effects of this Act shall not be entered on specified PAYGO scorecards.

Title II: Improving Postsecondary Education Data for Students Act - Improving Postsecondary Education Data for Students Act - (Sec. 202) Directs the Secretary of Education to convene an Advisory Committee on Improving Postsecondary Education Data that: (1) is comprised of 15 members who represent economically, racially, and geographically diverse populations; and (2) includes higher education stakeholders, state officials, business representatives, college and career counselors at secondary schools, and experts in higher education policy, consumer choice, privacy, labor markets, and data policy, collection, and use.

Requires the Committee to study:

  • the types of information the federal government should collect and report on institutions of higher education (IHEs) to assist students and families in their search for an IHE, including information related to postsecondary education costs, financial assistance, student outcomes, and postgraduation earnings;
  • how that information should be collected and reported, including how to disaggregate student outcome information by student subgroups; and
  • ways in which the federal government could make that information more readily available to students and their families in an easily accessible and understandable format and to states, local governments, secondary schools, IHEs, and private-sector entities.

Requires the Committee, in conducting the study, to: (1) review relevant research concerning the types of information students and parents seek in searching for an IHE; (2) consider the utility of the information currently reported and whether additional information would be beneficial or confusing; and (3) consult with parents, students, and a broad range of parties interested in higher education.

Directs the Committee to submit an interim and final report on the study to Congress and the Secretary. Requires the Committee, after consulting with the Commissioner of Education Statistics, to include in its final report recommendations for legislative, regulatory, and administrative actions to improve the information the federal government collects and reports on IHEs.

Reported to House amended, Part IMay 20, 201318

Smarter Solutions for Students Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to set the annual interest rate on Direct Stafford loans and Direct Unsubsidized Stafford loans at the rate on high-yield 10-year Treasury notes plus 2.5%, but caps that rate at 8.5%.

Sets the annual interest rate on Direct PLUS loans at the rate on high-yield 10-year Treasury notes plus 4.5%, but caps that rate at 10.5%.

Limits the applicability of the preceding provisions to loans first disbursed on or after July 1, 2013.

Sets the annual interest rate on Direct Consolidation loans for which an application is received on or after July 1, 2013, at the weighted average of the interest rates on the loans consolidated, rounded to the nearest higher one-eighth of 1%.

Provides that the budgetary effects of this Act shall not be entered on specified PAYGO scorecards.

Introduced in HouseMay 9, 2013

Smarter Solutions for Students Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to set the annual interest rate on Direct Stafford loans and Direct Unsubsidized Stafford loans at the rate on high-yield 10-year Treasury notes plus 2.5%, but caps that rate at 8.5%.

Sets the annual interest rate on Direct PLUS loans at the rate on high-yield 10-year Treasury notes plus 4.5%, but caps that rate at 10.5%.

Limits the applicability of the preceding provisions to loans first disbursed on or after July 1, 2013.

Sets the annual interest rate on Direct Consolidation loans for which an application is received on or after July 1, 2013, at the weighted average of the interest rates on the loans consolidated, rounded to the nearest higher one-eighth of 1%.

Provides that the budgetary effects of this Act shall not be entered on specified PAYGO scorecards.

Bipartisan Student Loan Certainty Act of 2013 — Informed