Amendment105th Congress
Amendment clarifies that when a student is unable to secure a bank-based loan or does not attend a direct lending institution, that student has the right to go to a guarantee agency or other credit facilitators named in the bill as a lender of last resort, and that the Secretary of Education will advance funds for such purpose.
- Amendment Number
- 585
- Description
- Amendment clarifies that when a student is unable to secure a bank-based loan or does not attend a direct lending institution, that student has the right to go to a guarantee agency or other credit facilitators named in the bill as a lender of last resort, and that the Secretary of Education will advance funds for such purpose.
- Purpose
- An amendment, printed as amendment No. 15 in the Congressional Record of April 28, 1998 to authorize the Secretary of Education to provide advances to a guaranty agency in the event the agency needs to serve as a lender of last resort.
- Congress
- 105
- Type
- HAMDT
- Latest Action Date
- Apr 29, 1998
- Latest Action Text
- On agreeing to the Andrews amendment (A019) Agreed to by voice vote.
- Latest Action Time
- 22:54:24
- Submitted Date
- Apr 29, 1998
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021