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HR 2410 112th Congress House

College Debt Swap Act of 2011

Official title: To establish a temporary private education loan debt consolidation program to assist eligible borrowers in refinancing all or a portion of their private educat… Show full official titleShow less

Official title: To establish a temporary private education loan debt consolidation program to assist eligible borrowers in refinancing all or a portion of their private education debt as Federal Direct Consolidation Loans.

Introduced: July 6, 2011 See on congress.gov
Education Government lending and loan guaranteesHigher educationStudent aid and college costs
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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
Sep 8, 2011
Referred to the Subcommittee on Higher Education and Workforce Training.
Jul 6, 2011
Referred to the House Committee on Education and the Workforce.
Jul 6, 2011
Introduced in House
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 Latest action September 8, 2011

Referred to the Subcommittee on Higher Education and Workforce Training.

 Plain-English summary Congressional Research Service

College Debt Swap Act of 2011 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow certain borrowers to consolidate their private education loans as Direct Consolidation Loans.

Limits such borrowers to those who: (1) are not in default on a loan made, insured, or guaranteed under title IV, except in certain instances of economic hardship; (2) were enrolled, between July 1, 1994, and July 1, 2010, as students eligible for unsubsidized Stafford loans or PLUS loans under the Federal Family Education Loan or Direct Loan programs; (3) borrowed at least one private education loan during such enrollment period; (4) are repaying their private education loan or are in a grace period preceding such repayment; (5) do not have an adverse credit history with respect to Direct Plus loans; and (6) have not previously obtained a Direct Consolidated Loan under title IV.

Makes the program applicable only to private education loans disbursed to borrowers between July 1, 1994, and July 1, 2010.

Directs the Secretary of Education to inform and educate students and their families about this loan consolidation program.

Terminates the authority to make Consolidation loans under such program on June 30, 2012.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 6
All 6 Democratic 4
D
Carson, André
Indiana · Jul 6, 2011
JACKSON, JESSE
· Jul 6, 2011
 D
Johnson, Henry C. "Hank"
Georgia · Jul 6, 2011
 D
Meeks, Gregory W.
New York · Jul 6, 2011
 D
Moore, Gwen
Wisconsin · Jul 6, 2011
PAYNE, DONALD
· Jul 6, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2410: College Debt Swap Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-HR-2410/
MLA
"H.R. 2410: College Debt Swap Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-2410/.
Bluebook (legal)
H.R. 2410, 112th Cong. (2026), https://openamerica.io/bill/112-HR-2410/.
Markdown link
[H.R. 2410: College Debt Swap Act of 2011](https://openamerica.io/bill/112-HR-2410/)
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