Student Aid Expansion Act of 2013

Bill: 113-hr-1529
Sponsor: full_name: Rep. Castro, Joaquin [D-TX-20]
Introduced: 2013-04-12
Policy area: Education
Subjects: Consumer affairs

Government lending and loan guarantees

Higher education

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: 2013-04-12
action_desc: Introduced in House
text: <p>Student Aid Expansion Act of 2013 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to exempt interest-free private education loans that are provided and administered by a state and eligible for complete forgiveness under conditions determined by that state from rules and regulations applicable to preferred lender arrangements between lenders and institutions of higher education (IHE) or IHE-affiliated organizations. (Preferred lender arrangements must comply with certain requirements designed to protect students' best interests when schools choose preferred lenders and recommend, promote, or endorse their loans.)</p>

tv_txt: I 113th CONGRESS 1st Session H. R. 1529 IN THE HOUSE OF REPRESENTATIVES April 12, 2013 Mr. Castro of Texas (for himself and Mr. Hinojosa ) 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 exempt certain State-provided loan programs from being subject to preferred lender arrangement requirements.

1. Short title This Act may be cited as the Student Aid Expansion Act of 2013 . 2. Exemption of certain State-provided loan programs from preferred lender arrangement requirements Section 151(8)(B) of the Higher Education Act of 1965 ( 20 U.S.C. 1019(8)(B) ) is amended— (1) in clause (i), by striking or at the end; (2) in clause (ii), by striking the period and inserting ; or ; and (3) by adding at the end the following new clause: (iii) arrangements or agreements with respect to interest-free private education loans that are provided and administered by a State and that are eligible for complete forgiveness under conditions determined by such State. .