3.0.0 1720 2023-01-12T17:52:45Z 2023-01-12T17:52:45Z Senate S S 2007-06-27 110 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2007-06-28T00:01:48Z 2007-06-27 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2007-06-27 Introduced in Senate IntroReferral 10000 9 Library of Congress B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH N S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2007-06-27 True Education Collection of accounts College costs Economics and Public Finance Finance and Financial Sector Government lending Graduate education Higher education Interest rates Student aid Student loan funds Education 00 2007-06-27 Introduced in Senate 2007-09-04T20:45:16Z Amends title IV (Student Assistance) the Higher Education Act of 1965 to establish a part I Federal Supplemental Loan program under which the Secretary of Education provides fixed and variable interest rate loans to undergraduates and graduates who attend institutions of higher education (IHEs) on a full-time basis.

Requires the rate for fixed loans and the margin for variable loans to be set at a level that results in the lowest rate for a borrower that will result in no net cost to the government.

Sets the maximum Supplemental loan amount at a student's cost of attending an IHE minus the financial aid awarded to such student and the amount such student is eligible for but does not receive under the Federal Family Education Loan program.

Directs the Secretary to offer Supplemental loan borrowers the same repayment plans offered under the Direct Loan program.

]]> A bill to amend title IV of the Higher Education Act of 1965 to establish a Federal Supplemental Loan Program. Display Title A bill to amend title IV of the Higher Education Act of 1965 to establish a Federal Supplemental Loan Program. Official Title as Introduced A bill to amend title IV of the Higher Education Act of 1965 to establish a Federal Supplemental Loan Program. Introduced in Senate IS Introduced in Senate 2007-06-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110s1720is/xml/BILLS-110s1720is.xml 2007-06-27 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. 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.