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HR 3863 104th Congress House

Student Debt Reduction Act of 1996

Official title: To amend the Higher Education Act of 1965 to permit lenders under the unsubsidized Federal Family Education Loan program to pay origination fees on behalf of borrowers.

Introduced: July 22, 1996 See on congress.gov
Education Civil Rights and Liberties, Minority IssuesCommerceCongressCongressional reporting requirements
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Deficit reductionDiscriminationDiscrimination in consumer creditEconomics and Public FinanceEducational policyEducational statisticsFederal aid to higher educationFederally-assisted loansFederally-guaranteed loansFeesFinance and Financial SectorHigher educationLegislationStudent loan funds
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 15 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 12, 1996
Received in the Senate and read twice and referred to the Committee on Labor and Human Resources.
Sep 11, 1996
Considered as unfinished business. (consideration: CR H10196-10197)
Sep 11, 1996
Motion to reconsider laid on the table Agreed to without objection.
Sep 11, 1996
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 1 (Roll no. 410).
Sep 10, 1996
Considered under suspension of the rules. (consideration: CR H10120-10123)
Sep 10, 1996
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the Chair announced that further proceedings on the motion would be postponed until Sept. 11.
Sep 10, 1996
DEBATE - The House proceeded with forty minutes of debate.
Sep 10, 1996
Mr. Goodling moved to suspend the rules and pass the bill, as amended.
Sep 5, 1996
Placed on the Union Calendar, Calendar No. 417.
Sep 5, 1996
Reported (Amended) by the Committee on Economic and Educational. H. Rept. 104-775.
Aug 1, 1996
Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 0.
Aug 1, 1996
Committee Consideration and Mark-up Session Held.
Jul 22, 1996
Referred to the House Committee on Economic and Educational Opportunities.
Jul 22, 1996
Sponsor introductory remarks on measure. (CR E1334)
Jul 22, 1996
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Sep 11, 1996 House · vote #410 Suspend the rules and pass, as amended Passed 414–1 See who voted →
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 Latest action September 12, 1996

Received in the Senate and read twice and referred to the Committee on Labor and Human Resources.

 Plain-English summary Congressional Research Service

Student Debt Reduction Act of 1996 - Amends the Higher Education Act of 1965 to permit lenders under the unsubsidized Federal Family Education Loan program to pay origination fees on behalf of borrowers and charge them for such fees. Requires each lender to assess the same fee to all student borrowers, but allows a lesser fee to be assessed for borrowers demonstrating greater financial need.

Directs the Secretary of Education to submit to the Congress a legislative proposal that would permit the Secretary to allocate the right to make subsidized and unsubsidized student loans on the basis of competitive bidding. Requires such proposal to include provisions to ensure that any payments received from competitive bidding are equally allocated to deficit reduction and to pro rata reduction of origination fees in both guaranteed and direct student loans.

Directs the Secretary to conduct, and report to the Congress on, a statistical analysis of the subsidized and unsubsidized student loan programs under HEA to gather data on lenders' use of loan fees and to determine if there are any anomalies that would indicate any institutional, programmatic, or socioeconomic discrimination in the assessing or waiving of such fees.

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 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Pallone, Frank
New Jersey · Jul 31, 1996
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3863: Student Debt Reduction Act of 1996. 104th Congress. Open America. https://openamerica.io/bill/104-HR-3863/
MLA
"H.R. 3863: Student Debt Reduction Act of 1996." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-3863/.
Bluebook (legal)
H.R. 3863, 104th Cong. (2026), https://openamerica.io/bill/104-HR-3863/.
Markdown link
[H.R. 3863: Student Debt Reduction Act of 1996](https://openamerica.io/bill/104-HR-3863/)
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