U.S. Congress - S.2366 Interest Rate Reduction Act
S.2366 - Interest Rate Reduction Act
A bill to extend student loan interest rates for undergraduate Federal Direct Stafford Loans. view all titles (2)
All Bill Titles
- Official: A bill to extend student loan interest rates for undergraduate Federal Direct Stafford Loans. as introduced.
- Short: Interest Rate Reduction Act as introduced.
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Official Summary
4/25/2012--Introduced.Interest Rate Reduction Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2012, applicable to Direct StaffoOfficial Summary
4/25/2012--Introduced.Interest Rate Reduction Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2012, applicable to Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2013. Amends the Patient Protection and Affordable Care Act to repeal provisions establishing and appropriating funds to the Prevention and Public Health Fund (a Fund to provide for expanded and sustained national investment in prevention and public health programs to improve health and help restrain the rate of growth in private and public sector health care costs). Rescinds any unobligated balances appropriated to such Fund....Read the Rest
Organizations Supporting S.2366
- Christian Coalition of America
Organizations Opposing S.2366
- American Federation of Teachers
- Club for Growth
- FreedomWorks
- Heritage Action for America
- National Education Association
- National Partnership for Women & Families
- ...and 3 more. See all.
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