Bipartisan Student Loan Certainty Act of 2013
Official title: To amend the Higher Education Act of 1965 to establish interest rates for new loans made on or after July 1, 2013, to direct the Secretary of Education to conv… Show full official titleShow less
Official title: To amend the Higher Education Act of 1965 to establish interest rates for new loans made on or after July 1, 2013, to direct the Secretary of Education to convene the Advisory Committee on Improving Postsecondary Education Data to conduct a study on improvements to postsecondary education transparency at the Federal level, and for other purposes.
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| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Jul 31, 2013 | House · vote #426 | On Motion to Suspend the Rules and Concur in the Senate Amendment | Passed | 392–31 | See who voted → |
| May 23, 2013 | House · vote #183 | On Passage | Passed | 221–198 | See who voted → |
| May 23, 2013 | House · vote #182 | On Motion to Recommit with Instructions | Failed | 194–223 | See who voted → |
Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.
1 agreed to 2 failed 2 with no recorded outcome
| Amendment | Sponsor | Status |
|---|---|---|
| SAMDT 1,778 | Reed, Jack | Failed |
| SAMDT 1,774 | Sanders, Bernard | Failed |
| SAMDT 1,773 | – | Agreed to |
| SAMDT 1,745 | Blumenthal, Richard | No recorded outcome |
| HAMDT 76 | – | No recorded outcome |
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Became Public Law No: 113-28.
Bipartisan Student Loan Certainty Act of 2013 - (Sec. 2) Amends title IV (Student Assistance) of the Higher Education Act of 1965 (HEA) to set the annual interest rate on Direct Stafford loans and Direct Unsubsidized Stafford loans issued to undergraduate students at the rate on high-yield 10-year Treasury notes plus 2.05%, but caps that rate at 8.25%.
Sets the annual interest rate on Direct Unsubsidized Stafford loans issued to graduate or professional students at the rate on high-yield 10-year Treasury notes plus 3.6%, but caps that rate at 9.5%.
Sets the annual interest rate on Direct PLUS loans at the rate on high-yield 10-year Treasury notes plus 4.6%, but caps that rate at 10.5%.
Limits the applicability of the preceding provisions to loans first disbursed on or after July 1, 2013.
Fixes the interest rate on Direct Stafford loans, Direct Unsubsidized Stafford loans, and Direct PLUS loans for the period of the loan.
Sets the annual interest rate on Direct Consolidation loans for which an application is received on or after July 1, 2013, at the weighted average of the interest rates on the loans consolidated, rounded to the nearest higher one-eighth of 1%.
(Sec. 3) Provides that the budgetary effects of this Act shall not be entered on specified PAYGO scorecards.
(Sec. 4) Directs the Comptroller General (GAO) to conduct a study and report to Congress on the actual cost to the federal government of carrying out the federal student loan programs authorized under title IV of the HEA.
- Engrossed Amendment Senate Formatted Text PDF Formatted XML
- Engrossed in House Formatted Text PDF Formatted XML
- Enrolled Bill Formatted Text PDF Formatted XML
- Introduced in House Formatted Text PDF Formatted XML
- Placed on Calendar Senate Formatted Text PDF Formatted XML
- Public Law Formatted Text PDF United States Legislative Markup
- Reported in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 1911: Bipartisan Student Loan Certainty Act of 2013. 113th Congress. Open America. https://openamerica.io/bill/113-HR-1911/
"H.R. 1911: Bipartisan Student Loan Certainty Act of 2013." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-1911/.
H.R. 1911, 113th Cong. (2026), https://openamerica.io/bill/113-HR-1911/.
[H.R. 1911: Bipartisan Student Loan Certainty Act of 2013](https://openamerica.io/bill/113-HR-1911/)