3.0.0 1541 2023-01-11T13:18:13Z 2023-01-11T13:18:13Z Senate S S 2009-07-30 111 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2009-07-30T14:55:31Z To amend the Higher Education Act of 1965 to provide for the refinancing of certain private education loans for physicians practicing primary care medicine. 111 6374 HR 2010-11-18 Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness. Related bill CRS 2009-07-30 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2009-07-30 Introduced in Senate IntroReferral 10000 9 Library of Congress B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH N Education Education programs funding Government information and archives Government lending and loan guarantees Higher education Interest, dividends, interest rates Student aid and college costs Education 00 2009-07-30 Introduced in Senate 2009-09-04T19:54:58Z Private Student Loan Debt Swap Act of 2009 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Secretary of Education to implement a Private Education Loan Debt Swap program.

Requires the Secretary, under such program, to refinance the private education loans of certain borrowers who: (1) after July 1, 1994, were eligible for unsubsidized Stafford Loans under the Federal Family Education Loan (FFEL) program, or, after July 1, 2006, were eligible for FFEL PLUS Loans for graduate or professional education; (2) are not in default on a loan made, insured, or guaranteed under title IV; and (3) have made at least two consecutive payments on the private education loan to be refinanced and are not more than 90 days delinquent on such loan.

Makes the program applicable only to private education loans incurred after July 1, 1994, and before July 1, 2010, which were used for the cost of enrolling at institutions of higher education eligible to participate in title IV programs.

Sets the interest rate on such refinanced loans at the rate applicable to: (1) unsubsidized Stafford loans, for borrowers who were eligible for such loans; and (2) Federal Direct PLUS loans, for borrowers who were eligible for those loans.

Gives refinanced loans the same repayment terms, conditions, and benefits as Consolidation Loans under the Direct Loan program.

Directs the Secretary carry out a national awareness campaign on the availability and benefits of refinancing private education loans under this program.

]]> Private Student Loan Debt Swap Act of 2009 Display Title Private Student Loan Debt Swap Act of 2009 Official Title as Introduced A bill to amend title IV of the Higher Education Act of 1965 to authorize private education loan refinancing under the Federal student loan program. Introduced in Senate IS Short Titles as Introduced Private Student Loan Debt Swap Act of 2009 Introduced in Senate 2009-07-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s1541is/xml/BILLS-111s1541is.xml 2009-07-30 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.