legislation: 114-hr-5622

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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
114-hr-5622 114 hr 5622 GPA Act Education 2016-07-05 2016-09-19 Referred to the Subcommittee on Higher Education and Workforce Training. House Rep. Aguilar, Pete [D-CA-31] CA D A000371 8 Grace Period Alleviation Act or the GPA Act This bill amends the Higher Education Act of 1965 to allow a borrower of a Federal Direct Stafford Loan (whether subsidized or unsubsidized) to elect a one-year grace period before beginning repayment on the loan. The Department of Education, through a loan modification process, must pay to each borrower who received a Federal Direct Stafford Loan for which the first disbursement was made between July 1, 2012, and July 1, 2014, an amount equal to the amount of interest that accrued on the loan prior to the beginning of the repayment period. 2023-01-11T13:33:29Z  

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