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HR 1338 109th 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 2005

Introduced: March 16, 2005 Introduced by: DeLauro, Rosa L. Democratic · Connecticut See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 18, 2005
Referred to the Subcommittee on 21st Century Competitiveness.
Mar 16, 2005
Referred to the House Committee on Education and the Workforce.
Mar 16, 2005
Introduced in House
 Plain-English summary Congressional Research Service

College Loan Assistance Act of 2005 - 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 2005-2006 through 2010-11.

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 this Act.

What's happening now April 18, 2005

Referred to the Subcommittee on 21st Century Competitiveness.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 4