HR 2505 108th Congress House Education Administrative fees Economics and Public Finance Federal aid to education Federally-guaranteed loans Fees Finance and Financial Sector Government lending Higher education Interest rates Law Scholarships Student loan funds

College Loan Assistance Act of 2003

Introduced: June 18, 2003 Introduced by: DeLauro, Rosa L. Democratic · Connecticut See on congress.gov

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

Plain-English summary Congressional Research Service

College Loan Assistance Act of 2003 - Amends the Higher Education Act of 1965 to revise student aid requirements for student loans and Pell Grants.

Allows refinancing of student consolidation loans under the Federal Family Education Loan (FFEL) program. Reduces the amount of a cap on interest rate under the FFEL program.

Extends authority for the Pell Grant program. Increases the maximum amount of an individual Pell Grant award to $7,000 for each of academic years 2004-2005 and 2005-2006.

Prohibits eligible lenders or the Secretary of Education from collecting origination fees from borrowers, under the FFEL or the Federal direct loan program, for any loan made on or after the first July 1 after the date of enactment of the Student Loan Relief Act of 2003 (sic).

What's happening now July 21, 2003

Referred to the Subcommittee on 21st Century Competitiveness.

Committees of jurisdiction 2