To amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.

Bill: 113-hr-1433
Sponsor: full_name: Rep. Courtney, Joe [D-CT-2]
Introduced: 2013-04-09
Policy area: Education
Subjects: Government lending and loan guarantees

Higher education

Interest, dividends, interest rates

Student aid and college costs
Latest action: action_date: 2013-07-08
text: Referred to the Subcommittee on Higher Education and Workforce Training.

Summaries:
action_date: 2013-04-09
action_desc: Introduced in House
text: <p>Amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the 3.4% interest rate on Federal Direct Stafford loans to loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2015. </p>

tv_txt: I 113th CONGRESS 1st Session H. R. 1433 IN THE HOUSE OF REPRESENTATIVES April 9, 2013 Mr. Courtney (for himself, Mr. Bishop of New York , Ms. Bonamici , Mr. Braley of Iowa , Mrs. Bustos , Mrs. Capps , Mr. Cárdenas , Mr. Carson of Indiana , Mr. Castro of Texas , Mr. Cicilline , Ms. Clarke , Mr. Cohen , Mr. Connolly , Ms. DeLauro , Ms. DelBene , Mr. Dingell , Mr. Doyle , Ms. Duckworth , Ms. Edwards , Ms. Esty , Mr. Grijalva , Mr. Higgins , Mr. Himes , Mr. Hinojosa , Mr. Holt , Mr. Horsford , Ms. Jackson Lee , Mr. Kilmer , Mr. Langevin , Mr. Larsen of Washington , Mr. Larson of Connecticut , Ms. Lee of California , Mr. Lewis , Mr. Loebsack , Mrs. Carolyn B. Maloney of New York , Mr. Markey , Mr. McDermott , Mr. McGovern , Ms. Moore , Mr. Nadler , Ms. Norton , Mr. Peters of Michigan , Ms. Pingree of Maine , Mr. Polis , Mr. Rangel , Mr. Ryan of Ohio , Ms. Loretta Sanchez of California , Mr. Sarbanes , Ms. Schakowsky , Mr. Schiff , Mr. Schrader , Ms. Schwartz , Ms. Shea-Porter , Ms. Slaughter , Mr. Tonko , Mr. Van Hollen , Mr. Vela , Mr. Walz , Mr. Waxman , Mr. Welch , Mr. Yarmuth , Mr. Conyers , Mr. Al Green of Texas , Ms. Roybal-Allard , Mr. Thompson of California , Mr. Peters of California , Mr. Tierney , and Mr. Lynch ) introduced the following bill; which was referred to the Committee on Education and the Workforce A BILL To amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.

1. Interest rate extension Subparagraph (D) of section 455(b)(7) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(b)(7) ) is amended— (1) in the matter preceding clause (i), by striking 2013 and inserting 2015 ; and (2) in clause (v), by striking 2013 and inserting 2015 .