3.0.0 3266 2022-02-03T05:53:07Z 2022-02-03T05:53:07Z Senate S S 2012-06-06 112 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2012-06-06T20:34:09Z 2012-06-06 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2012-06-06 Introduced in Senate IntroReferral 10000 9 Library of Congress C000560 Sen. Coburn, Tom [R-OK] TOM COBURN R OK N B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze 2012-06-06 True Education Budget deficits and national debt Congressional oversight Government lending and loan guarantees Higher education Interest, dividends, interest rates Student aid and college costs Education 00 2012-06-06 Introduced in Senate 2012-06-28T13:43:14Z Comprehensive Student Loan Protection Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to set the interest rate on Direct Loans, for any 12 month period beginning on July 1 and ending on June 30, at the bond equivalent rate of 10-year Treasury bills auctioned at the final auction held prior to such June 1, plus 3%.

Makes: (1) that formula applicable to Direct Loans first disbursed on or after July 1, 2012; and (2) the rate set on such loans applicable for the life of the loans.

Requires any savings to the federal government that result from this Act's amendment to be used for deficit reduction.

]]> Comprehensive Student Loan Protection Act Short Titles as Introduced Comprehensive Student Loan Protection Act Display Title Comprehensive Student Loan Protection Act Official Title as Introduced A bill to amend the Higher Education Act of 1965 to reset interest rates for new student loans. Introduced in Senate 2012-06-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s3266is/xml/BILLS-112s3266is.xml 2012-06-06 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.