3.0.0 1742 2023-01-15T08:03:19Z 2023-01-15T08:03:19Z Senate S S 2003-10-16 108 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2003-10-16T16:11:59Z 2003-10-16 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR 10/17/2003 S12741-12742) IntroReferral 2003-10-16 Sponsor introductory remarks on measure. (CR 10/17/2003 S12741) IntroReferral B00100 9 Library of Congress 2003-10-16 Introduced in Senate IntroReferral 10000 9 Library of Congress C000077 Sen. Campbell, Ben Nighthorse [R-CO] BEN CAMPBELL R CO NIGHTHORSE N Education Economics and Public Finance Federal aid to education Federally-assisted loans Federally-guaranteed loans Finance and Financial Sector Government lending Higher education Interest Student loan funds Education 00 2003-10-16 Introduced in Senate 2004-04-22T21:27:25Z Higher Education Loan Plan Act of 2003 - Amends the Higher Education Act of 1965 to provide for variable interest rates on student (Stafford) loans, consolidation loans (which currently have fixed rates), and parent (PLUS) loans.

Revises formulas for determining such variable interest rates for student loans, consolidation, loans, and parent loans based on the bond equivalent rate for 91-day Treasury bills and specified additional percentages.

Caps at specified levels interest rates for new loans during an interim period from October 1, 1998, up to the enactment of this Act. Caps the interest rates for new loans on or after such enactment date for: (1) student loans and consolidation loans at 7.75 percent; and (2) parent loans at 8.5 percent.

]]> Higher Education Loan Plan Act of 2003 Display Title Higher Education Loan Plan Act of 2003 Official Title as Introduced A bill to amend title IV of the Higher Education Act of 1965 to provide for variable interest rates on student loans. Introduced in Senate IS Short Titles as Introduced Higher Education Loan Plan Act of 2003 Introduced in Senate 2003-10-16T04:00:00Z 2003-10-16 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR 10/17/2003 S12741-12742) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.