Eliminating the Hidden Student Loan Tax Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 4, 2015)
Eliminating the Hidden Student Loan Tax Act
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 happenedApr 29, 2015
Referred to the Subcommittee on Higher Education and Workforce Training.
Who’s behind it
- Introduced in HouseMar 4, 2015
- Apr 29, 2015Committee
Referred to the Subcommittee on Higher Education and Workforce Training.
Higher Education and Workforce Development Subcomittee - Mar 4, 2015IntroReferralH11100
Referred to the House Committee on Education and the Workforce.
Education and the Workforce Committee - Mar 4, 2015IntroReferralIntro-H
Introduced in House
- Mar 4, 2015IntroReferral1000
Introduced in House