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Eliminating the Hidden Student Loan Tax Act
Legislative Progress
Introduced
September 26, 2017
Latest Action
September 26, 2017
Primary Sponsor
Susan A. DavisDemocratic(CA)
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
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0d open
vs 7,393 other HR bills in the 115th — cohort avg 50d
Eliminating the Hidden Student Loan Tax Act This bill amends the Higher Education Act of 1965 to repeal the authority of the Department of Education (ED) to charge an origination fee on future loans under the William D. Ford Federal Direct Loan program. Specifically, the bill repeals ED'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, 2017. (Origination fees are the fees lenders charge for processing new loan applications.)
Referred to the House Committee on Education and the Workforce.
Introduced in House
Congress.gov source codes: 1000, Intro-H
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Sources: Congress.gov