legislation: 112-hr-6510

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
112-hr-6510 112 hr 6510 Student Loan Prepayment Standardization Act Education 2012-09-21 2012-09-21 Referred to the House Committee on Education and the Workforce. House Rep. Deutch, Theodore E. [D-FL-19] FL D D000610 2 Student Loan Prepayment Standardization Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require that when the holder of a borrower's private education loans or loans made under the Federal Family Education Loan (FFEL) or Direct Loan (DL) programs receives a prepayment for such loans, it is to be applied first toward any fees due on such loans and then, unless the borrower requests otherwise, toward the interest and principal due on the loan with the highest interest rate. Makes that requirement inapplicable to income-based repayment plans for FFELs or DLs. 2020-02-10T16:50:33Z  

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