HR 1617 · 109th Congress · Education

To allow borrowers consolidating student loans to choose a variable or fixed interest rate, and for other purposes.

Introduced 2005-04-13· Sponsored by Rep. Petri, Thomas E. [R-WI-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on 21st Century Competitiveness.(2005-04-29)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Higher Education Act of 1965 (HEA) to allow borrowers consolidating student loans to choose: (1) a variable or fixed interest rate; and (2) the loan consolidator. Provides for the Federal Government's recapture of excess interest charged by lenders, under HEA provisions for special allowances for lenders of student loans.…

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