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Public Law114th CongressEducation
H.R. 3594Became Law

Federal Perkins Loan Program Extension Act of 2015

This bill became law

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What it doesSummary public law (Dec 18, 2015)

(This measure has not been amended since it was passed by the Senate on December 16, 2015. The summary of that version is repeated here.)

Federal Perkins Loan Program Extension Act of 2015

(Sec. 2) This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the authority of institutions of higher education (IHEs) to disburse Federal Perkins Loans to new undergraduate borrowers through September 30, 2017. A student must first exhaust Federal Direct Subsidized and Unsubsidized Stafford Loan eligibility.

IHEs may continue to disburse Perkins Loans to current undergraduate borrowers through September 30, 2017. A student must first exhaust all Federal Direct Subsidized Stafford Loan eligibility.

IHEs may continue to disburse Perkins Loans to certain graduate borrowers through September 30, 2016, to enable students to continue or complete an academic program. A student must have received a Perkins loan prior to October 1, 2015.

The bill prohibits Perkins Loan disbursement beyond September 30, 2017.

It also prohibits authorization of additional appropriations for the Federal Perkins Loan program beyond September 30, 2016.

Beginning October 1, 2017, each participating IHE must pay to the Department of Education: (1) a portion of the federal share of the balance of its Perkins Loan funds; (2) a portion of the Perkins student loan payments, including principal and interest, received by the institution; and (3) a capital distribution from its Perkins Loan fund.

(Sec. 3) The bill also expands disclosure requirements for IHEs that participate in the Federal Perkins Loan program.

Specifically, prior to Perkins Loan disbursement, an IHE must provide notice and explanation to all borrowers regarding unavailability of future Perkins loans, limited Perkins loan repayment and forgiveness options, and Direct Loan consolidation options. Also, an IHE must provide notice and explanation to new and current undergraduate borrowers regarding a comparison of Perkins and Direct loan interest rates. 

What just happenedDec 18, 2015

Became Public Law No: 114-105.

Who’s behind it

Rep. Bishop, Mike [R-MI-8](R-MI)Sponsor
17 cosponsors8 D9 R
Read on Congress.gov
17cosponsors1committees24actions1amendments2subjects
  1. Dec 18, 2015President

    Became Public Law No: 114-105.

  2. Dec 18, 2015BecameLaw36000

    Became Public Law No: 114-105.

  3. Dec 18, 2015President

    Signed by President.

  4. Dec 18, 2015BecameLaw36000

    Signed by President.

  5. Dec 18, 2015Floor

    Presented to President.

  6. Dec 18, 2015President28000

    Presented to President.

  7. Dec 17, 2015ResolvingDifferencesH41931

    Motion to reconsider laid on the table Agreed to without objection.

  8. Dec 17, 2015ResolvingDifferencesH41610

    On motion that the House agree to the Senate amendment Agreed to without objection. (text as House agreed to Senate amendment: CR H9676)

  9. Dec 17, 2015NotUsed19500

    Resolving differences -- House actions: On motion that the House agree to the Senate amendment Agreed to without objection.(text as House agreed to Senate amendment: CR H9676)

  10. Dec 17, 2015ResolvingDifferencesH40110

    Mr. Bishop (MI) asked unanimous consent that the House agree to the Senate amendment. (consideration: CR H9676)

  11. Dec 16, 2015Floor

    Message on Senate action sent to the House.

  12. Dec 16, 2015Floor

    Passed Senate with an amendment by Voice Vote.

  13. Dec 16, 2015Floor17000

    Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.

  14. Dec 16, 2015Floor

    Measure laid before Senate by unanimous consent. (consideration: CR S8708-8709)

  15. Sep 29, 2015IntroReferral

    Received in the Senate, read twice.

  16. Sep 28, 2015FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  17. Sep 28, 2015FloorH37300

    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H6279)

  18. Sep 28, 2015Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H6279)

  19. Sep 28, 2015FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 3594.

  20. Sep 28, 2015FloorH30000

    Considered under suspension of the rules. (consideration: CR H6279-6281)

  21. Sep 28, 2015FloorH30300

    Mr. Bishop (MI) moved to suspend the rules and pass the bill.

  22. Sep 24, 2015IntroReferralH11100

    Referred to the House Committee on Education and the Workforce.

    Education and the Workforce Committee
  23. Sep 24, 2015IntroReferralIntro-H

    Introduced in House

  24. Sep 24, 2015IntroReferral1000

    Introduced in House

Public LawDec 18, 201549

(This measure has not been amended since it was passed by the Senate on December 16, 2015. The summary of that version is repeated here.)

Federal Perkins Loan Program Extension Act of 2015

(Sec. 2) This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the authority of institutions of higher education (IHEs) to disburse Federal Perkins Loans to new undergraduate borrowers through September 30, 2017. A student must first exhaust Federal Direct Subsidized and Unsubsidized Stafford Loan eligibility.

IHEs may continue to disburse Perkins Loans to current undergraduate borrowers through September 30, 2017. A student must first exhaust all Federal Direct Subsidized Stafford Loan eligibility.

IHEs may continue to disburse Perkins Loans to certain graduate borrowers through September 30, 2016, to enable students to continue or complete an academic program. A student must have received a Perkins loan prior to October 1, 2015.

The bill prohibits Perkins Loan disbursement beyond September 30, 2017.

It also prohibits authorization of additional appropriations for the Federal Perkins Loan program beyond September 30, 2016.

Beginning October 1, 2017, each participating IHE must pay to the Department of Education: (1) a portion of the federal share of the balance of its Perkins Loan funds; (2) a portion of the Perkins student loan payments, including principal and interest, received by the institution; and (3) a capital distribution from its Perkins Loan fund.

(Sec. 3) The bill also expands disclosure requirements for IHEs that participate in the Federal Perkins Loan program.

Specifically, prior to Perkins Loan disbursement, an IHE must provide notice and explanation to all borrowers regarding unavailability of future Perkins loans, limited Perkins loan repayment and forgiveness options, and Direct Loan consolidation options. Also, an IHE must provide notice and explanation to new and current undergraduate borrowers regarding a comparison of Perkins and Direct loan interest rates. 

Passed Senate amendedDec 16, 201535

Federal Perkins Loan Program Extension Act of 2015

(Sec. 2) This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the authority of institutions of higher education (IHEs) to disburse Federal Perkins Loans to new undergraduate borrowers through September 30, 2017. A student must first exhaust Federal Direct Subsidized and Unsubsidized Stafford Loan eligibility.

IHEs may continue to disburse Perkins Loans to current undergraduate borrowers through September 30, 2017. A student must first exhaust all Federal Direct Subsidized Stafford Loan eligibility.

IHEs may continue to disburse Perkins Loans to certain graduate borrowers through September 30, 2016, to enable students to continue or complete an academic program. A student must have received a Perkins loan prior to October 1, 2015.

The bill prohibits Perkins Loan disbursement beyond September 30, 2017.

It also prohibits authorization of additional appropriations for the Federal Perkins Loan program beyond September 30, 2016.

Beginning October 1, 2017, each participating IHE must pay to the Department of Education: (1) a portion of the federal share of the balance of its Perkins Loan funds; (2) a portion of the Perkins student loan payments, including principal and interest, received by the institution; and (3) a capital distribution from its Perkins Loan fund.

(Sec. 3) The bill also expands disclosure requirements for IHEs that participate in the Federal Perkins Loan program.

Specifically, prior to Perkins Loan disbursement, an IHE must provide notice and explanation to all borrowers regarding unavailability of future Perkins loans, limited Perkins loan repayment and forgiveness options, and Direct Loan consolidation options. Also, an IHE must provide notice and explanation to new and current undergraduate borrowers regarding a comparison of Perkins and Direct loan interest rates. 

Passed House without amendmentSep 28, 201581

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Higher Education Extension Act of 2015

(Sec. 2) This bill amends the Higher Education Act of 1965 to extend by one year, through FY2016, the term of the National Advisory Committee on Institutional Quality and Integrity.

(Sec. 3) The legislation extends the authority of institutions of higher education (IHEs) to make loans to new borrowers under the Federal Perkins Loan program through September 30, 2016. IHEs may continue to disburse Perkins Loans through March 31, 2018, to enable students to continue or complete an academic program if the student received a Perkins loan prior to October 1, 2016, and the student has exhausted Federal Direct Stafford Loans.

The bill prohibits any further automatic extensions of the Perkins Loan program.

It also prohibits authorization of additional appropriations for the Federal Perkins Loan program beyond FY2015.

Beginning October 1, 2016, each participating IHE must pay to the Department of Education a certain portion of: (1) the federal share of the balance of its Perkins Loan funds; and (2) the Perkins student loan payments, including principal and interest, received by the institution.

(Sec. 4) The bill extends by one year, through FY2016, the term of the Advisory Committee on Student Financial Assistance.

Introduced in HouseSep 24, 2015

Higher Education Extension Act of 2015

This bill amends the Higher Education Act of 1965 to extend by one year, through FY2016, the term of the National Advisory Committee on Institutional Quality and Integrity.

The legislation extends the authority of institutions of higher education (IHEs) to make loans to new borrowers under the Federal Perkins Loan program through September 30, 2016. IHEs may continue to disburse Perkins Loans through March 31, 2018, to enable students to continue or complete an academic program if the student received a Perkins loan prior to October 1, 2016, and the student has exhausted Federal Direct Stafford Loans.

The bill prohibits any further automatic extensions of the Perkins Loan program.

It also prohibits authorization of additional appropriations for the Federal Perkins Loan program beyond FY2015.

Beginning October 1, 2016, each participating IHE must pay to the Department of Education a certain portion of: (1) the federal share of the balance of its Perkins Loan funds; and (2) the Perkins student loan payments, including principal and interest, received by the institution.

The bill extends by one year, through FY2016, the term of the Advisory Committee on Student Financial Assistance.

Federal Perkins Loan Program Extension Act of 2015 — Informed