[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5577 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 5577

To amend the Higher Education Act of 1965 to eliminate origination fees 
                       for Federal Direct Loans.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 18, 2014

   Mrs. Davis of California introduced the following bill; which was 
        referred to the Committee on Education and the Workforce

_______________________________________________________________________

                                 A BILL


 
To amend the Higher Education Act of 1965 to eliminate origination fees 
                       for Federal Direct Loans.

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

SECTION 1. ELIMINATION OF ORIGINATION FEES FOR FEDERAL DIRECT LOANS.

    (a) Sense of Congress.--It is the sense of Congress that no 
origination fees should be charged on any future Federal Direct Loans.
    (b) Repeal of Origination Fees.--Subsection (c) of section 455 (20 
U.S.C. 1087e(c)) is repealed.
    (c) Effective Date.--The amendment made by subsection (b) shall 
apply with respect to loans made under part D of title IV of the Higher 
Education Act of 1965 (20 U.S.C. 1087a et seq.) for which the first 
disbursement of principal is made, or, in the case of a Federal Direct 
Consolidation Loan, the application is received, on or after July 1, 
2015.
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