An amendment to establish a collection mechanism for repayment of income contingent loans. The amendment would direct the Secretary of Education to enter into contracts with private firms.

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Amendment Number
481
Description
An amendment to establish a collection mechanism for repayment of income contingent loans. The amendment would direct the Secretary of Education to enter into contracts with private firms.
Purpose
Amendment authorizes the Department of Education to develop a program for the income contingent repayment of guaranteed student loans which have gone into default.
Congress
102
Type
HAMDT
Latest Action Date
Mar 26, 1992
Latest Action Text
On agreeing to the Petri amendment (A035) Agreed to by voice vote.
Latest Action Time
17:41:36
Submitted Date
Mar 26, 1992
Chamber
House of Representatives
Update Date
Jun 7, 2021
Amendment 481 — Informed