S.1238 - Keep Student Loans Affordable Act of 2013

A bill to amend the Higher Education Act of 1965 to extend the current reduced interest rate for undergraduate Federal Direct Stafford Loans for 1 year, to modify required distribution rules for pension plans, and for other purposes. view all titles (2)

All Bill Titles

  • Official: A bill to amend the Higher Education Act of 1965 to extend the current reduced interest rate for undergraduate Federal Direct Stafford Loans for 1 year, to modify required distribution rules for pension plans, and for other purposes. as introduced.
  • Short: Keep Student Loans Affordable Act of 2013 as introduced.

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Bill’s Views

  • Today: 2
  • Past Seven Days: 7
  • All-Time: 833
 
Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
06/27/13
 
 
 
 
 
 
 

Sponsor

Senator

John Reed

D-RI

View Co-Sponsors (44)

Committees

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Latest Vote

Result: Motion for Attendance Agreed to - July 15, 2013

Roll call number 172 in the Senate

Question: On the Motion for Attendance S. 1238

 

Official Summary

Keep Student Loans Affordable Act of 2013 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2013, to Direct Stafford loans first dis

Official Summary

Keep Student Loans Affordable Act of 2013 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2013, to Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2014. Amends the Internal Revenue Code to modify rules for required distributions from tax-exempt pension plans to an employee who dies before such employee's entire interest is distributed to require such interest to be distributed within five years after the death of such employee, subject to exceptions for an eligible designated beneficiary and surviving spouse of such employee. Defines \"eligible designated beneficiary\" to include a disabled or chronically-ill individual. Exempts from such modification a binding annuity contract in effect on the enactment date of this Act.

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Organizations Supporting S.1238

  • United Negro College Fund
  • ProgressNow
  • AFL-CIO
  • American Association of University Professors
  • All Education Matters
  • American Association of University Women
  • ...and 43 more. See all.

Organizations Opposing S.1238

  • None via MapLight at this time.


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