S 1762 · 107th Congress · Education

A bill to amend the Higher Education Act of 1965 to establish fixed interest rates for student and parent borrowers, to extend current law with respect to special allowances for lenders, and for other purposes.

Introduced 2001-12-04· Sponsored by Sen. Johnson, Tim [D-SD]· Senate

Bill Progress

1
Introduced
Committee
Senate Vote
4
House
Enacted
Latest: Became Public Law No: 107-139.(2002-02-08)

Recorded Votes

PassedHouse · 2002-01-24
Roll #4
Yea 372Nay 3
Democrats
180 Yea·0 Nay
Republicans
190 Yea·3 Nay
PassedHouse · 2002-01-24
Roll #4
Yea 372Nay 3
Democrats
180 Yea·0 Nay
Republicans
190 Yea·3 Nay
FailedHouse · 2001-12-20
Roll #512
Yea 257Nay 148
Democrats
49 Yea·144 Nay
Republicans
207 Yea·3 Nay
PassedHouse · 2001-12-20
Roll #512
Yea 257Nay 148
Democrats
49 Yea·144 Nay
Republicans
207 Yea·3 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] Amends of the Higher Education Act of 1965 (HEA) to set fixed interest rates for new loans to students or parents on or after July 1, 2006. Extends current interest rate provisions for loans with a first disbursement (or a consolidation loan application received) before such date. Extends provisions for special allowances for lenders, but limits payment of special allowances for PLUS loans on or after such date.…

Summarized by Claude AI · Non-partisan · For informational purposes only

CBO Cost Estimate

Congressional Budget Office

S. 1762, An act to amend the Higher Education Act of 1965 to establish fixed interest rates for student and parent borrowers, to extend current law with respect to special allowances for lenders, and for other purposes

Jan 30, 2002

<p>Pay-as-you-go estimate for the bill as cleared by the Congress on January 24, 2002</p>

Full CBO report ↗

S. 1762, An act to amend the Higher Education Act of 1965 to establish fixed interest rates for student and parent borrowers, to extend current law with respect to special allowances for lenders, and for other purposes

Jan 30, 2002

Pay-as-you-go estimate for the bill as cleared by the Congress on January 24, 2002

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (1)

1 Republican