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HR 5150 109th Congress House Education Economics and Public Finance Federally-guaranteed loans Finance and Financial Sector Government lending Higher education Interest rates Student loan funds

Reverse the Raid on Student Aid Act of 2006

Introduced: April 6, 2006 See on congress.gov
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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
May 24, 2006
Referred to the Subcommittee on 21st Century Competitiveness.
Apr 6, 2006
Referred to the House Committee on Education and the Workforce.
Apr 6, 2006
Introduced in House
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 Plain-English summary Congressional Research Service

Reverse the Raid on Student Aid Act of 2006 - Amends the Higher Education Act of 1965 to cut student loan interest rates to 3.4% for student borrowers and 4.25% for parent borrowers under the Federal Family Education Loan (FFEL) and William D. Ford Direct Loan programs for loans whose first disbursement is made on or after July 1, 2006. Maintains the current 6.8% interest rate, however, for unsubsidized Stafford loans for middle-income borrowers under such programs.

What's happening now May 24, 2006

Referred to the Subcommittee on 21st Century Competitiveness.

 Related & companion bills 1
  • S 2573 Related bill Reverse the Raid on Student Aid Act of 2006
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 24
All 24 Democratic 15 Independent 1
Salazar, John
· Sep 29, 2006
COSTELLO, JERRY
· Sep 14, 2006
WEINER, ANTHONY
· Sep 7, 2006
 I
Sanders, Bernard
Vermont · Sep 6, 2006
GONZALEZ, CHARLES
· Jul 28, 2006
BERRY, MARION
· Jul 27, 2006
 D
McGovern, James P.
Massachusetts · Jun 26, 2006
 D
Wasserman Schultz, Debbie
Florida · Jun 20, 2006
Chandler, Ben
· Jun 13, 2006
 D
Lofgren, Zoe
California · Jun 13, 2006
 D
Green, Al
Texas · Jun 12, 2006
 D
Kaptur, Marcy
Ohio · Jun 12, 2006
 D
Nadler, Jerrold
New York · Jun 6, 2006
REYES, SILVESTRE
· Jun 6, 2006
 D
Matsui, Doris O.
California · May 24, 2006
 D
Davis, Danny K.
Illinois · May 22, 2006
 D
Cleaver, Emanuel
Missouri · May 18, 2006
 D
DeLauro, Rosa L.
Connecticut · May 18, 2006
Meek, Kendrick
· May 18, 2006
 D
Pelosi, Nancy
California · May 18, 2006
 D
Van Hollen, Chris
Maryland · May 2, 2006
 D
Pallone, Frank
New Jersey · Apr 27, 2006
 D
Scott, Robert C. "Bobby"
Virginia · Apr 25, 2006
 D
McCollum, Betty
Minnesota · Apr 6, 2006
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5150: Reverse the Raid on Student Aid Act of 2006. 109th Congress. Open America. https://openamerica.io/bill/109-HR-5150/
MLA
"H.R. 5150: Reverse the Raid on Student Aid Act of 2006." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-5150/.
Bluebook (legal)
H.R. 5150, 109th Cong. (2026), https://openamerica.io/bill/109-HR-5150/.
Markdown link
[H.R. 5150: Reverse the Raid on Student Aid Act of 2006](https://openamerica.io/bill/109-HR-5150/)
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