H.R. 1285
Referred to CommitteeEliminating the Hidden Student Loan Tax Act
Latest Action
Referred to the Subcommittee on Higher Education and Workforce Training.
4/29/2015 • House
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.
Introduced in House • 3/4/2015
Topics & Subjects
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Bill Journey
Originated in the House
Introduced
March 4, 2015
Referred to the House Committee on Education and the Workforce.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law