To extend the interest rate for Federal Direct Stafford Loans.

Bill: 113-hr-1498
Sponsor: full_name: Rep. Jeffries, Hakeem S. [D-NY-8]
Introduced: 2013-04-11
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: 2013-04-11
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, 2014. </p>

tv_txt: I 113th CONGRESS 1st Session H. R. 1498 IN THE HOUSE OF REPRESENTATIVES April 11, 2013 Mr. Jeffries (for himself, Ms. Moore , Ms. Michelle Lujan Grisham of New Mexico , Mr. Pocan , and Mr. McDermott ) introduced the following bill; which was referred to the Committee on Education and the Workforce A BILL To extend the interest rate for Federal Direct Stafford Loans.

1. Interest rate extension for Federal Direct Stafford Loans Section 455(b)(7)(D) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(b)(7)(D) ) is amended— (1) in the matter preceding clause (i), by striking 2013 and inserting 2014 ; and (2) in clause (v), by striking 2013 and inserting 2014 .