Bank on Students Loan Fairness Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 14, 2013)
Bank on Students Loan Fairness Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Board of Governors of the Federal Reserve System to provide the Secretary of Education, from the combined earnings of the Federal Reserve System, with the amount the Secretary determines to be reasonably necessary to award Direct Stafford Loans during the award year beginning July 1, 2013, to all eligible students attending participating institutions of higher education selected by the Secretary.
Prohibits appropriated funds from being used for Direct Stafford Loans made during that period.
Sets the interest rate on Direct Stafford Loans first disbursed on or after July 1, 2013, and before July 1, 2014, at the primary credit rate charged by the Federal Reserve banks on July 1, 2013.
What just happenedJul 8, 2013
Referred to the Subcommittee on Higher Education and Workforce Training.
Who’s behind it
- Introduced in HouseMay 14, 2013
- Jul 8, 2013Committee
Referred to the Subcommittee on Higher Education and Workforce Training.
- May 14, 2013IntroReferralH11100
Referred to the House Committee on Education and the Workforce.
- May 14, 2013IntroReferralIntro-H
Introduced in House
- May 14, 2013IntroReferral1000
Introduced in House