GPA Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 5, 2016)
Grace Period Alleviation Act or the GPA Act
This bill amends the Higher Education Act of 1965 to allow a borrower of a Federal Direct Stafford Loan (whether subsidized or unsubsidized) to elect a one-year grace period before beginning repayment on the loan.
The Department of Education, through a loan modification process, must pay to each borrower who received a Federal Direct Stafford Loan for which the first disbursement was made between July 1, 2012, and July 1, 2014, an amount equal to the amount of interest that accrued on the loan prior to the beginning of the repayment period.
What just happenedSep 19, 2016
Referred to the Subcommittee on Higher Education and Workforce Training.
Who’s behind it
- Introduced in HouseJul 5, 2016
- Sep 19, 2016Committee
Referred to the Subcommittee on Higher Education and Workforce Training.
Higher Education and Workforce Development Subcomittee - Jul 5, 2016IntroReferralH11100
Referred to the House Committee on Education and the Workforce.
Education and the Workforce Committee - Jul 5, 2016IntroReferralIntro-H
Introduced in House
- Jul 5, 2016IntroReferral1000
Introduced in House