[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 2650 Introduced in Senate (IS)]







107th CONGRESS
  2d Session
                                S. 2650

   To amend the Higher Education Act of 1965 to provide student loan 
       borrowers with a choice of lender for loan consolidation.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             June 20, 2002

 Ms. Landrieu introduced the following bill; which was read twice and 
  referred to the Committee on Health, Education, Labor, and Pensions

_______________________________________________________________________

                                 A BILL


 
   To amend the Higher Education Act of 1965 to provide student loan 
       borrowers with a choice of lender for loan consolidation.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Consolidation Student Loan 
Flexibility Act of 2002''.

SEC. 2. STUDENT LOAN BORROWER CHOICE OF LOAN CONSOLIDATOR.

    Section 428C(b)(1)(A) of the Higher Education Act of 1965 (20 
U.S.C. 1078-3(b)(1)(A)) is amended by striking ``and (i) the lender 
holds'' and all that follows through ``selected for consolidation)''.
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