HR 4370
108th Congress
House
Education
Economics and Public Finance
Federal aid to education
Federally-guaranteed loans
Government lending
Higher education
Scholarships
Student loan funds
Direct Loan Reward Act of 2004
Introduced: May 17, 2004
See on congress.gov
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
Plain-English summary
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.
What's happening now
Referred to the Subcommittee on 21st Century Competitiveness.
Committees of jurisdiction
2