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Bank on Students Loan Fairness Act

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5/8/2013--Introduced. Bank on Students Loan Fairness Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Board of Governors of the Federal Reserve System to provide the Secretary of Education, from the combine...[more]

Sponsor

  • Sen. Elizabeth Warren [D, MA]

Cosponsors (12)

  • Sen. Mark Begich [D, AK]
  • Sen. Richard Blumenthal [D, CT]
  • Sen. Barbara Boxer [D, CA]
  • Sen. Al Franken [D, MN]
  • Sen. Mary L. Landrieu [D, LA]
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Sponsor: Sen Elizabeth Warren (D-MA)

Summary:

  • Would direct the Federal Reserve System to provide the Secretary of Education, from the combined earnings of the Federal Reserve System, with the amount the Secretary determines to be reasonably necessary to award Direct Stafford Loans during the award year beginning July 1, 2013, to all eligible students attending participating institutions of higher education selected by the Secretary.
 

Status:

5/8/2013 - Introduced read twice, and referred to the Committee on Health, Education, Labor and Pensions.