3.0.0 6510 2020-02-10T16:50:33Z 2020-02-10T16:50:33Z House H HR 2012-09-21 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DEUTCH:H.R. 6510.Congress has the power to enact this legislation pursuantto the following:The constitutional authority of Congress to enact thislegislation is provided by Article I, Section 8, Clause 3 ofthe United States Constitution, which grants Congress thepower to regulate commerce among the several States.[Page H6278]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2012-09-21T13:09:25Z 2012-09-21 Referred to the House Committee on Education and the Workforce. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2012-09-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-09-21 Introduced in House IntroReferral 1000 9 Library of Congress D000610 Rep. Deutch, Theodore E. [D-FL-19] Theodore Deutch D FL E. 19 N C001066 Rep. Castor, Kathy [D-FL-11] Kathy Castor D FL 11 2012-09-21 True A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 2012-09-21 True Education Government lending and loan guarantees Higher education Interest, dividends, interest rates Student aid and college costs Education 00 2012-09-21 Introduced in House 2012-10-05T19:22:33Z Student Loan Prepayment Standardization Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require that when the holder of a borrower's private education loans or loans made under the Federal Family Education Loan (FFEL) or Direct Loan (DL) programs receives a prepayment for such loans, it is to be applied first toward any fees due on such loans and then, unless the borrower requests otherwise, toward the interest and principal due on the loan with the highest interest rate.

Makes that requirement inapplicable to income-based repayment plans for FFELs or DLs.

]]> Student Loan Prepayment Standardization Act Short Titles as Introduced Student Loan Prepayment Standardization Act Display Title Student Loan Prepayment Standardization Act Official Title as Introduced To require holders of Federal student loans and private education loans to apply prepayment amounts toward loans with the highest rates of interest. Introduced in House 2012-09-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr6510ih/xml/BILLS-112hr6510ih.xml 2012-09-21 Referred to the House Committee on Education and the Workforce. 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.