US HB1285 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 4 2015 - 25% progression, died in committee
Action: 2015-04-29 - Referred to the Subcommittee on Higher Education and Workforce Training.
Pending: House Subcommittee on Higher Education and Workforce Training Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Eliminating the Hidden Student Loan Tax Act Expresses the sense of Congress that no origination fees should be charged on any future loans under the William D. Ford Federal Direct Loan program. (Origination fees are the fees lenders charge for processing new loan applications.) Amends title IV (Student Assistance) of the Higher Education Act of 1965 to repeal the Secretary of Education's authority to charge an origination fee on a Direct Loan first disbursed, or, in the case of a Direct Consolidation Loan, for which an application is received, on or after July 1, 2015.

Tracking Information

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Title

Eliminating the Hidden Student Loan Tax Act

Sponsors


History

DateChamberAction
2015-04-29HouseReferred to the Subcommittee on Higher Education and Workforce Training.
2015-03-04HouseReferred to the House Committee on Education and the Workforce.
2015-03-04HouseIntroduced in House

Same As/Similar To

HB5274 (Related) 2016-09-19 - Referred to the Subcommittee on Higher Education and Workforce Training.

Subjects


US Congress State Sources


Bill Comments

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