H.R.2349 - Get Relief from Academic Debt Act of 2013

To restore and extend the grace period of Federal Direct Stafford Loans and Federal Direct Unsubsidized Stafford Loans. view all titles (3)

All Bill Titles

  • Official: To restore and extend the grace period of Federal Direct Stafford Loans and Federal Direct Unsubsidized Stafford Loans. as introduced.
  • Short: Get Relief from Academic Debt Act of 2013 as introduced.
  • Short: GRAD Act of 2013 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
06/13/13
 
 
 
 
 
 
 

Sponsor

Representative

Gloria Negrete McLeod

D-CA

View Co-Sponsors (14)

Official Summary

Get Relief from Academic Debt Act of 2013 or the GRAD Act of 2013 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow borrowers of Direct Stafford Loans to opt to extend the period before they must begin to repay such loans to one year after they cease to car

Official Summary

Get Relief from Academic Debt Act of 2013 or the GRAD Act of 2013 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow borrowers of Direct Stafford Loans to opt to extend the period before they must begin to repay such loans to one year after they cease to carry at least one-half the normal full-time academic workload. (Currently, the repayment period for Direct Stafford Loans begins six months after borrowers cease to carry at least one-half the normal full-time academic workload.) Subsidizes the interest that accrues on Direct Stafford Loans for the first six months of that extended grace period. Makes this Act applicable to Direct Stafford Loans first disbursed on or after July 1, 2013.

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