To amend the Higher Education Act of 1965 to eliminate origination fees for Federal Direct Loans.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 18, 2014)
Expresses the sense of Congress that no origination fees should be charged on any future loans under the William D. Ford Federal Direct Loan program. (Origination fees are the fees lenders charge for processing new loan applications.)
Amends title IV (Student Assistance) of the Higher Education Act of 1965 to repeal the Secretary of Education's authority to charge an origination fee on a Direct Loan first disbursed, or, in the case of a Direct Consolidation Loan, for which an application is received, on or after July 1, 2015.
What just happenedNov 17, 2014
Referred to the Subcommittee on Higher Education and Workforce Training.
Who’s behind it
- Introduced in HouseSep 18, 2014
- Nov 17, 2014Committee
Referred to the Subcommittee on Higher Education and Workforce Training.
Higher Education and Workforce Development Subcomittee - Sep 18, 2014IntroReferralH11100
Referred to the House Committee on Education and the Workforce.
Education and the Workforce Committee - Sep 18, 2014IntroReferralIntro-H
Introduced in House
- Sep 18, 2014IntroReferral1000
Introduced in House