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HR 1622 107th Congress House

Affordable Student Loans Act of 2001

Official title: To reduce the costs of Federal student loans to students and their families, and for other purposes.

Introduced: April 26, 2001 See on congress.gov
Education Administrative feesCredit insuranceDebtor and creditorEconomics and Public Finance
More subjectsShow fewer subjects
Educational financeFederal aid to higher educationFederally-guaranteed loansFeesFinance and Financial SectorGovernment Operations and PoliticsGovernment lendingHigher educationInsurance premiumsLawStudent loan funds
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 20, 2001
Referred to the Subcommittee on 21st Century Competitiveness.
Apr 26, 2001
Referred to the House Committee on Education and the Workforce.
Apr 26, 2001
Introduced in House
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 Latest action June 20, 2001

Referred to the Subcommittee on 21st Century Competitiveness.

 Plain-English summary Congressional Research Service
Affordable Student Loans Act of 2001 - Amends the Higher Education Act of 1965 to prohibit collection of: (1) origination fees under the Federal Family Education Loan Program (FFEL program) and the Federal Direct Loan Program; or (2) insurance premiums under the FFEL program.

Allows any student loan guaranty agency or consortium of such agencies to enter into a voluntary flexible agreement with the Secretary of Education.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
McCollum, Betty
Minnesota · May 8, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1622: Affordable Student Loans Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1622/
MLA
"H.R. 1622: Affordable Student Loans Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1622/.
Bluebook (legal)
H.R. 1622, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1622/.
Markdown link
[H.R. 1622: Affordable Student Loans Act of 2001](https://openamerica.io/bill/107-HR-1622/)
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