3.0.0 1241 2022-03-03T21:31:38Z 2023-01-10T08:40:47Z Senate S S 2013-06-27 113 2013-06-27 Senate Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 125. Calendars 2013-06-27 Introduced in Senate IntroReferral 10000 9 Library of Congress M001183 Sen. Manchin, Joe, III [D-WV] Joseph Manchin D WV N K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2013-06-27 True A000360 Sen. Alexander, Lamar [R-TN] Lamar Alexander R TN 2013-06-27 True C000560 Sen. Coburn, Tom [R-OK] TOM COBURN R OK 2013-06-27 True B001135 Sen. Burr, Richard [R-NC] Richard Burr R NC Mauze 2013-06-27 True C000174 Sen. Carper, Thomas R. [D-DE] Thomas Carper D DE R. 2013-06-27 True A000368 Sen. Ayotte, Kelly [R-NH] Kelly Ayotte R NH 2013-06-27 True I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2013-06-27 True P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH 2013-07-08 False B000575 Sen. Blunt, Roy [R-MO] Roy Blunt R MO 2013-07-08 False M001153 Sen. Murkowski, Lisa [R-AK] Lisa Murkowski R AK 2013-07-09 False H001061 Sen. Hoeven, John [R-ND] John Hoeven R ND 2013-07-10 False C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2013-07-10 False C000567 Sen. Cochran, Thad [R-MS] Thad Cochran R MS 2013-07-10 False H001041 Sen. Heller, Dean [R-NV] Dean Heller R NV 2013-07-16 False E000285 Sen. Enzi, Michael B. [R-WY] MICHAEL ENZI R WY B. 2013-07-16 False Education Consumer affairs Government lending and loan guarantees Higher education Interest, dividends, interest rates Student aid and college costs Education 00 2013-06-27 Introduced in Senate 2013-07-17T14:42:16Z Bipartisan Student Loan Certainty Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to set the annual interest rate on Direct Loans at the bond equivalent rate on 91-day Treasury bills plus: (1) 1.85% for Direct Stafford Loans and Direct Unsubsidized Stafford Loans for undergraduate students, (2) 3.4% for Direct Unsubsidized Stafford Loans for graduate students, and (3) 4.4% for Direct PLUS Loans.

Fixes the interest rate on such loans for the period of the loan.

Sets the annual interest rate on the unpaid principle balance of Direct Consolidation Loans at the lesser of: (1) the weighted average of the interest rates on the loans consolidated, rounded to the nearest higher one-eighth of 1%; or (2) 8.25%.

Makes these interest rate provisions applicable to loans first disbursed on or after July 1, 2013.

Requires institutions of higher education (IHEs) to provide student borrowers of title IV loans, prior to or at the time of their departure from school, with information regarding: (1) their options for loan consolidation; (2) the income-based repayment plan, including information about capped monthly payments and loan forgiveness under the plan; and (3) Direct Consolidation Loans.

]]> Bipartisan Student Loan Certainty Act Short Titles as Introduced Bipartisan Student Loan Certainty Act Display Title Bipartisan Student Loan Certainty Act Official Title as Introduced A bill to establish the interest rate for certain Federal student loans, and for other purposes. Placed on Calendar Senate 2013-06-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s1241pcs/xml/BILLS-113s1241pcs.xml 2013-06-27 Introduced in the Senate. Read twice. Ordered Placed on Senate Legislative Calendar under General Orders. Calendar No. 125. 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.