HR 2535 · 105th Congress · Education
Emergency Student Loan Consolidation Act of 1997
Bill Progress
✓
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Read twice and referred to the Committee on Labor and Human Resources.(1997-11-13)
Plain Language Summary
[AI summary unavailable — showing source text]
Emergency Student Loan Consolidation Act of 1997 - Amends the Higher Education Act of 1965 (HEA) to allow until October 1, 1998, the consolidation, under the Federal Family Education Loan Program (FFELP), of all of a student's loans under both the FFELP and the Direct Loan Program. (Authorizes such consolidation of loans under both programs into single FFELP consolidation loans, which may be administered by entities other than the Department of Education, for an emergency period until October 1, 1998, to provide time to reduce a backlog in processing consolidation of both types of loans into Direct Lending Consolidation loans administered by the Department of Education.) Reduces the amount of certain funds available for administrative expenses under HEA student assistance provisions.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 2535, Emergency Student Loan Consolidation Act of 1997
Oct 7, 1997Cost estimate for the bill as ordered reported by the House Committee on Education and the Workforce on October 1, 1997
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (20)
20 Republicans