3.0.0 5055 2023-01-11T13:16:07Z 2023-01-11T13:16:07Z House H HR 2010-04-15 111 hsed00 Education and the Workforce Committee House Standing hsed13 Higher Education and Workforce Development Subcomittee Referred to 2010-04-30T15:07:41Z Referred to 2010-04-15T14:02:49Z 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 2010-04-15 Referred to the House Committee on Education and Labor. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2010-04-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-04-15 Introduced in House IntroReferral 1000 9 Library of Congress F000455 Rep. Fudge, Marcia L. [D-OH-11] Marcia Fudge D OH L. 11 N T000326 Rep. Towns, Edolphus [D-NY-10] EDOLPHUS TOWNS D NY 10 2010-04-15 True J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2010-04-15 True R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2010-04-15 True N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2010-05-06 False Education Appropriations Education programs funding Government lending and loan guarantees Higher education Student aid and college costs Education 00 2010-04-15 Introduced in House 2010-04-22T20:37:30Z College Debt Swap Act of 2010 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow certain borrowers to consolidate their private education loans as Direct Consolidation Loans.

Limits such borrowers to those who: (1) are not in default on a loan made, insured, or guaranteed under title IV, except in certain instances of economic hardship; (2) were enrolled, between July 1, 1994, and July 1, 2010, as students eligible for unsubsidized Stafford loans or PLUS loans under the Federal Family Education Loan or Direct Loan programs; (3) borrowed at least one private education loan during such enrollment period; (4) are repaying their private education loan or are in a grace period preceding such repayment; (5) do not have an adverse credit history; and (6) have not previously obtained a Direct Consolidated Loan under title IV.

Makes the program applicable only to private education loans disbursed to borrowers between July 1, 1994, and July 1, 2010.

Directs the Secretary of Education to inform and educate students and their families about this loan consolidation program.

Terminates the authority to make Consolidation loans under such program on June 30, 2012.

Authorizes and appropriates additional funds for Pell Grant increases for FY2011-FY2012.

]]> College Debt Swap Act of 2010 Display Title College Debt Swap Act of 2010 Official Title as Introduced To provide funds for Pell Grants by amending title IV of the Higher Education Act of 1965. Introduced in House IH Short Titles as Introduced College Debt Swap Act of 2010 Introduced in House 2010-04-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr5055ih/xml/BILLS-111hr5055ih.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.