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HR 6510 112th Congress House

Student Loan Prepayment Standardization Act

Official title: To require holders of Federal student loans and private education loans to apply prepayment amounts toward loans with the highest rates of interest.

Introduced: September 21, 2012 See on congress.gov
Education Government lending and loan guaranteesHigher educationInterest, dividends, interest ratesStudent 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 21, 2012
Referred to the House Committee on Education and the Workforce.
Sep 21, 2012
Introduced in House
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 Latest action September 21, 2012

Referred to the House Committee on Education and the Workforce.

 Plain-English summary Congressional Research Service

Student Loan Prepayment Standardization Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require that when the holder of a borrower's private education loans or loans made under the Federal Family Education Loan (FFEL) or Direct Loan (DL) programs receives a prepayment for such loans, it is to be applied first toward any fees due on such loans and then, unless the borrower requests otherwise, toward the interest and principal due on the loan with the highest interest rate.

Makes that requirement inapplicable to income-based repayment plans for FFELs or DLs.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1
ANDREWS, ROBERT
· Sep 21, 2012
 D
Castor, Kathy
Florida · Sep 21, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6510: Student Loan Prepayment Standardization Act. 112th Congress. Open America. https://openamerica.io/bill/112-HR-6510/
MLA
"H.R. 6510: Student Loan Prepayment Standardization Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-6510/.
Bluebook (legal)
H.R. 6510, 112th Cong. (2026), https://openamerica.io/bill/112-HR-6510/.
Markdown link
[H.R. 6510: Student Loan Prepayment Standardization Act](https://openamerica.io/bill/112-HR-6510/)
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