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Student Loan Affordability Act of 2013

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4/11/2013--Introduced. Student Loan Affordability Act of 2013 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the 3.4% interest rate on Federal Direct Stafford loans to loans first disbursed to undergraduate stude...[more]

Sponsor

  • Sen. Jack Reed [D, RI]

Cosponsors (12)

  • Sen. Tammy Baldwin [D, WI]
  • Sen. Sherrod Brown [D, OH]
  • Sen. Richard J. Durbin [D, IL]
  • Sen. Al Franken [D, MN]
  • Sen. Amy Klobuchar [D, MN]
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Sponsor: Sen Jack Reed (D-RI)

Summary:

  • Would extend the 3.4% interest rate on Federal Direct Stafford loans to loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2015.
 

Status:

4/11/13 – Introduced, and referred to the Committee on Health, Education, Labor and Pensions.