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HR 2504 108th Congress House

Student Loan Fairness Consolidation Act of 2003

Official title: To amend the Higher Education Act of 1965 to improve the opportunity for Federal student loan borrowers to consolidate their loans at reasonable interest rates.

Introduced: July 16, 2003 Introduced by: Davis, Danny K. Democratic · Illinois See on congress.gov
Education Economics and Public FinanceFinance and Financial SectorGovernment lendingHigher education
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InterestInterest ratesStudent loan funds
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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
Jul 21, 2003
Referred to the Subcommittee on 21st Century Competitiveness.
Jun 18, 2003
Referred to the House Committee on Education and the Workforce.
Jun 18, 2003
Introduced in House
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 Latest action July 21, 2003

Referred to the Subcommittee on 21st Century Competitiveness.

 Plain-English summary Congressional Research Service

Student Loan Fairness Consolidation Act of 2003 - Amends the Higher Education Act of 1965 to revise student aid requirements for Federal consolidation loans under the Federal Family Education Loan program, and establish parallel requirements under a Federal Direct Consolidation Loan program, to: (1) allow borrowers to refinance existing consolidation loans; and (2) make available variable interest rate consolidation loans. Excludes consolidation loans for repaying Federal PLUS loans (taken out by parents of students) from such provisions for refinancing and variable interest rates.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 3
D
Lofgren, Zoe
California · Sep 16, 2003
 D
Schakowsky, Janice D.
Illinois · Jul 16, 2003
 D
Thompson, Bennie G.
Mississippi · Jul 9, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2504: Student Loan Fairness Consolidation Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-2504/
MLA
"H.R. 2504: Student Loan Fairness Consolidation Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-2504/.
Bluebook (legal)
H.R. 2504, 108th Cong. (2026), https://openamerica.io/bill/108-HR-2504/.
Markdown link
[H.R. 2504: Student Loan Fairness Consolidation Act of 2003](https://openamerica.io/bill/108-HR-2504/)
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