H.R. 942 · 108th Congress
Consolidation Student Loan Flexibility Act of 2003
- Stage
- In committee
- Sponsor
- Ralph Regula
- Introduced
- 2003-02-26
- Latest action
- 2003-03-17 · Referred to the Subcommittee on 21st Century Competitiveness.
Summary
Consolidation Student Loan Flexibility Act of 2003 - Amends the Higher Education Act of 1965 to allow student loan borrowers to choose a lender for loan consolidation. (Eliminates the requirement that: (1) the consolidation loan lender must already hold an outstanding student loan of the borrower; or (2) the borrower must certify to having sought and been unable to obtain a consolidation loan with income-sensitive repayment terms from any holders of the outstanding loans selected for consolidation.)