H.R. 1089 · 109th Congress
Student Loan Fairness Consolidation Act of 2005
- Stage
- In committee
- Sponsor
- Danny Davis
- Introduced
- 2005-03-03
- Latest action
- 2005-04-18 · Referred to the Subcommittee on 21st Century Competitiveness.
Summary
Student Loan Fairness Consolidation Act of 2005 - Amends the Higher Education Act of 1965 to revise student aid requirements for Federal consolidation loans under the Federal Family Education Loan program, and establish parallel requirements under a Federal Direct Consolidation Loan program, to: (1) allow borrowers to refinance existing consolidation loans (except those for repaying Federal PLUS loans to parents of students); and (2) make available variable interest rate consolidation loans (but, again, not for PLUS loans).