3.0.0 3624 2021-04-19T19:21:36Z 2021-04-19T19:21:36Z House H HR 2011-12-08 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MICHAUD:H.R. 3624.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the United States Constitution.[Page H8319]]]> hsed00 Education and the Workforce Committee House Standing hsed13 Higher Education and Workforce Development Subcomittee Referred to 2012-03-29T18:27:46Z Referred to 2011-12-08T14:00:20Z 2012-03-29 hsed13 Higher Education and Workforce Development Subcomittee 1 House committee actions Referred to the Subcommittee on Higher Education and Workforce Training. Committee 2011-12-08 Referred to the House Committee on Education and the Workforce. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2011-12-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-12-08 Introduced in House IntroReferral 1000 9 Library of Congress M001149 Rep. Michaud, Michael H. [D-ME-2] Michael Michaud D ME H. 2 N P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2012-03-27 False P000523 Rep. Price, David E. [D-NC-4] DAVID PRICE D NC E. 4 2012-03-27 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2012-05-30 False M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2012-05-31 False S000480 Rep. Slaughter, Louise McIntosh [D-NY-28] LOUISE SLAUGHTER D NY M. 28 2012-06-06 False K000336 Rep. Kucinich, Dennis J. [D-OH-10] DENNIS KUCINICH D OH J. 10 2012-09-10 False B001245 Del. Bordallo, Madeleine Z. [D-GU-At Large] Madeleine Bordallo D GU Z. 0 2012-10-05 False Education Education programs funding Financial literacy Government lending and loan guarantees Higher education Public contracts and procurement Student aid and college costs Education 00 2011-12-08 Introduced in House 2013-02-21T19:18:28Z Student Loan Default Prevention Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require the Secretary of Education, upon the request of an eligible guaranty agency, to enter into or revise a voluntary, flexible agreement with that agency to provide services to borrowers and potential borrowers of Federal Family Education Loans (FFELs) or Direct Loans (DLs).

Treats guaranty agencies as eligible to participate in such agreements if they have extensive and relevant experience and demonstrated effectiveness in providing such services.

Authorizes those guaranty agencies to provide services that include: (1) delinquency prevention and default aversion activities, (2) collecting defaulted loans, (3) monitoring institutions that participate in the DL program, (4) training financial aid officials, and (5) informational outreach to schools and students that supports access to higher education and financial literacy.

Requires the Secretary to pay fees to such agencies that are cost neutral and take into account the savings projected from the provision of such services.

]]> Student Loan Default Prevention Act Short Titles as Introduced Student Loan Default Prevention Act Display Title Student Loan Default Prevention Act Official Title as Introduced To authorize the Secretary of Education to enter into voluntary, flexible agreements with certain guaranty agencies to provide delinquency prevention and default aversion services for borrowers and potential borrowers of Federal Direct Loans under the Higher Education Act of 1965, and for other purposes. Introduced in House 2011-12-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3624ih/xml/BILLS-112hr3624ih.xml 2012-03-29 Referred to the Subcommittee on Higher Education and Workforce Training. 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.