U.S. Congress - S.1541 Private Student Loan Debt Swap Act of 2009
S.1541 - Private Student Loan Debt Swap Act of 2009
A bill to amend title IV of the Higher Education Act of 1965 to authorize private education loan refinancing under the Federal student loan program. view all titles (2)
All Bill Titles
- Official: A bill to amend title IV of the Higher Education Act of 1965 to authorize private education loan refinancing under the Federal student loan program. as introduced.
- Short: Private Student Loan Debt Swap Act of 2009 as introduced.
This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.
Bill's Views
- Today: 2
- Past Seven Days: 12
- All-Time: 3,028
|
|
|
|
|
|
|
|
Official Summary
7/30/2009--Introduced.Private Student Loan Debt Swap Act of 2009 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Secretary of Education to implement a Private Education Loan Debt Swap program. Requires the Secretary, under such program, to refinanceOfficial Summary
7/30/2009--Introduced.Private Student Loan Debt Swap Act of 2009 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Secretary of Education to implement a Private Education Loan Debt Swap program. Requires the Secretary, under such program, to refinance the private education loans of certain borrowers who:(1) after July 1, 1994, were eligible for unsubsidized Stafford Loans under the Federal Family Education Loan (FFEL) program, or, after July 1, 2006, were eligible for FFEL PLUS Loans for graduate or professional education;
(2) are not in default on a loan made, insured, or guaranteed under title IV; and
(3) have made at least two consecutive payments on the private education loan to be refinanced and are not more than 90 days delinquent on such loan. Makes the program applicable only to private education loans incurred after July 1, 1994, and before July 1, 2010, which were used for the cost of enrolling at institutions of higher education eligible to participate in title IV programs. Sets the interest rate on such refinanced loans at the rate applicable to:
(1) unsubsidized Stafford loans, for borrowers who were eligible for such loans; and
(2) Federal Direct PLUS loans, for borrowers who were eligible for those loans. Gives refinanced loans the same repayment terms, conditions, and benefits as Consolidation Loans under the Direct Loan program. Directs the Secretary carry out a national awareness campaign on the availability and benefits of refinancing private education loans under this program.
...Read the Rest
Recent News Coverage
Hmmmm, no news coverage found for this bill at this time. This means that this this bill has not yet been mentioned on a publicly-searchable news website by either its official number (for example, "H.R. 3200") or title (for example, "America's Affordable Health Choices Act of 2009"). As soon as that changes, our daily automated search across the Web will catch it and include it here. If this bill is of interest to you, you can write a letter to the editor referring to this bill by name, and if your letter is published on the Web, a link back your letter will appear here within about one day. Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to build public knowledge about Congress.
Recent Blog Coverage
View All (22)
|
View Top Rated
S.1541: A bill to revise the Federal charter for the ... - OpenCongress
Official government data, breaking news and blog coverage, public comments and user community for S.1541 A bill to revise the Federal charter for the Blue Star Mothers of America, Inc. to reflect a change in eligibility ... -
'Wie Wilders een fascist noemt ... draagt niets bij aan de kennis ...
Sie hielten in den letzten Jahrzehnten Einzug in die sogenannte «fuzzy logic», [Historisches Wörterbuch der Philosophie: Zweiwertigkeitsprinzip. HWPh: Historisches Wörterbuch der Philosophie, S. 53135 (vgl. HWPh Bd. 12, S. 1541)] ...
THE UNKINDEST CUT OF ALL « FixTheWorld.us
The War Powers Act is found as 50 USC S.1541-1548, passed in 1973 over the veto of President Nixon. It's supposed to be the mechanism by which the President may use US Armed Forces. It purports to spell out the situations under which he ...
Users tracking S.1541 (23) are also tracking:
| Bills | People | Issues |
|---|---|---|
Users supporting S.1541 (43) are also:
| Supporting Bill | Supporting Senator | Supporting Representative |
|---|---|---|
| Opposing Bill | Opposing Senator | Opposing Representative |
|---|---|---|
Users opposing S.1541 (2) are also:
| Supporting Bill | Supporting Senator |
|---|---|
| Opposing Bill | Opposing Representative |
|---|---|
Vote on This Bill
-
Share This Bill
More Share via Email
