S. 2051 · 112th Congress
A bill to amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.
- Stage
- In committee
- Sponsor
- Jack Reed
- Introduced
- 2012-01-31
- Latest action
- 2012-01-31 · Introduced in Senate
Summary
Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2012, applicable to Direct Stafford loans first disbursed to undergraduate students on or after July 1, 2012.