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HR 4370 108th Congress House

Direct Loan Reward Act of 2004

Official title: To ensure that the Direct Loan Program is a competitive alternative to the Federal Family Education Loan Program for schools and students.

Introduced: June 8, 2004 See on congress.gov
Education Economics and Public FinanceFederal aid to educationFederally-guaranteed loansGovernment lending
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Higher educationScholarshipsStudent 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
Jun 25, 2004
Referred to the Subcommittee on 21st Century Competitiveness.
May 17, 2004
Referred to the House Committee on Education and the Workforce.
May 17, 2004
Introduced in House
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 Latest action June 25, 2004

Referred to the Subcommittee on 21st Century Competitiveness.

 Plain-English summary Congressional Research Service

Direct Loan Reward Act of 2004 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Secretary of Education to carry out a Direct Loan Reward Program to encourage institutions of higher education to participate in the student loan program under part D, Federal Perkins Loans.

Makes the amount of financial reward payment to an institution under this Act equal to 50 percent of the savings to the Federal Government generated by the institution's participation in such part D student loan program instead of its participation in the student loan program under the part B Federal Family Education Loan Program.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 9
All 9 Democratic 5
D
Sánchez, Linda T.
California · Oct 7, 2004
 D
Baldwin, Tammy
Wisconsin · Jul 12, 2004
LIPINSKI, WILLIAM
· Jun 14, 2004
BEREUTER, DOUGLAS
· Jun 8, 2004
 D
Schakowsky, Janice D.
Illinois · Jun 8, 2004
BROWN, HENRY
· Jun 3, 2004
 D
Davis, Danny K.
Illinois · Jun 3, 2004
 D
Doggett, Lloyd
Texas · May 19, 2004
Majette, Denise
· May 18, 2004
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4370: Direct Loan Reward Act of 2004. 108th Congress. Open America. https://openamerica.io/bill/108-HR-4370/
MLA
"H.R. 4370: Direct Loan Reward Act of 2004." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-4370/.
Bluebook (legal)
H.R. 4370, 108th Cong. (2026), https://openamerica.io/bill/108-HR-4370/.
Markdown link
[H.R. 4370: Direct Loan Reward Act of 2004](https://openamerica.io/bill/108-HR-4370/)
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