3.0.0 4834 2023-01-11T13:16:24Z 2023-01-11T13:16:24Z House H HR 2010-03-11 111 hsed00 Education and the Workforce Committee House Standing hsed13 Higher Education and Workforce Development Subcomittee Referred to 2010-04-30T15:04:37Z Referred to 2010-03-11T15:02:38Z 2010-04-30 hsed13 Higher Education and Workforce Development Subcomittee 1 House committee actions Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness. Committee 2010-03-11 Referred to the House Committee on Education and Labor. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2010-03-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-03-11 Introduced in House IntroReferral 1000 9 Library of Congress S001178 Rep. Schauer, Mark H. [D-MI-7] Mark Schauer D MI H. 7 N Education Education programs funding Government lending and loan guarantees Higher education Student aid and college costs Education 00 2010-03-11 Introduced in House 2010-03-17T19:38:25Z Student Debt Reduction Act - Amends the Higher Education Act of 1965 to cap annual, income-based, student loan repayments under the Federal Family Education Loan and Direct Loan programs at 10% (currently, 15%) of the amount by which a borrower's and the borrower's spouse's adjusted gross income exceeds 150% of the poverty line.

Requires the Secretary of Education to cancel or repay such loans after 20 (currently, 25) years.

]]> Student Debt Reduction Act Display Title Student Debt Reduction Act Official Title as Introduced To amend section 493C of the Higher Education Act of 1965 to limit student loan payments to 10 percent of discretionary income, and for other purposes. Introduced in House IH Short Titles as Introduced Student Debt Reduction Act Introduced in House 2010-03-11T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4834ih/xml/BILLS-111hr4834ih.xml 2010-04-30 Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness. 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.