U.S. Congress - H.R.6510 Student Loan Prepayment Standardization Act
H.R.6510 - Student Loan Prepayment Standardization Act
To require holders of Federal student loans and private education loans to apply prepayment amounts toward loans with the highest rates of interest. view all titles (2)
All Bill Titles
- Short: Student Loan Prepayment Standardization Act as introduced.
- Official: To require holders of Federal student loans and private education loans to apply prepayment amounts toward loans with the highest rates of interest. 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: 11
- All-Time: 583
|
|
|
|
|
|
|
|
Committees
Official Summary
9/21/2012--Introduced.Student Loan Prepayment Standardization Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require that when the holder of a borrower's private education loans or loans made under the Federal Family Education Loan (FFEL) or Direct LOfficial Summary
9/21/2012--Introduced.Student Loan Prepayment Standardization Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require that when the holder of a borrower's private education loans or loans made under the Federal Family Education Loan (FFEL) or Direct Loan (DL) programs receives a prepayment for such loans, it is to be applied first toward any fees due on such loans and then, unless the borrower requests otherwise, toward the interest and principal due on the loan with the highest interest rate. Makes that requirement inapplicable to income-based repayment plans for FFELs or DLs....Read the Rest
Vote on This Bill
-
Share This Bill
More Share via Email
