H.R. 1029 · 109th Congress
Student Loan Fairness Act of 2005
- Stage
- In committee
- Sponsor
- David Wu
- Introduced
- 2005-03-01
- Latest action
- 2005-03-24 · Referred to the Subcommittee on 21st Century Competitiveness.
Summary
Student Loan Fairness Act of 2005 - Amends the Higher Education Act of 1965 to revise student aid requirements for consolidation loans.
Repeals a prohibition against refinancing consolidation loans.
Allows borrowers to select lenders of consolidation loans. Requires lenders and institutions to provide certain information on consolidation loans to applicants.
Revises interest rates on consolidated and reconsolidated loans.