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S 1718 110th Congress Senate Armed Forces and National Security Collection of accounts College costs Debtor and creditor Economics and Public Finance Education Federally-guaranteed loans Finance and Financial Sector Government lending Higher education Interest rates Iraq compilation Military personnel Student loan funds Students' rights Veterans' education

VETS Act

Introduced: June 27, 2007 See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 27, 2007
Read twice and referred to the Committee on Veterans' Affairs.
Jun 27, 2007
Introduced in Senate
 Plain-English summary Congressional Research Service

Veterans Education Tuition Support Act or VETS Act - Amends the Servicemembers Civil Relief Act to require an institution of higher education, in the case of a servicemember who because of military service discontinues a program of education at an institution that administers a federal financial aid program, to: (1) refund to the servicemember tuition and other fees paid for the portion of the program of education for which the servicemember did not receive academic credit because of such military service; and (2) provide the servicemember an opportunity to reenroll at the institution with the same educational and academic status that the servicemember had when the program was discontinued because of the military service.

Requires a provider of a student loan with respect to such a servicemember: (1) if the servicemember reenrolls in the program of education (or a comparable program) within 13 months following the period of military service, to disregard the entire period that the education was discontinued in determining the date on which student loan repayment is to begin; or (2) if the servicemember does not reenroll, to not require loan repayment to begin before the later of the last day of such 13-month period or the date the repayment was otherwise required to begin.

Prohibits a court from granting a creditor relief from the 6% limit on interest charged against student loan indebtedness.

What's happening now June 27, 2007

Read twice and referred to the Committee on Veterans' Affairs.

 Committees of jurisdiction 1