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HR 2349 113th Congress House Education Government lending and loan guarantees Higher education Interest, dividends, interest rates Student aid and college costs

GRAD Act of 2013

Introduced: June 13, 2013 See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 8, 2013
Referred to the Subcommittee on Higher Education and Workforce Training.
Jun 17, 2013
Sponsor introductory remarks on measure. (CR H3658)
Jun 13, 2013
Introduced in House
Jun 13, 2013
Referred to the House Committee on Education and the Workforce.
 Plain-English summary Congressional Research Service

Get Relief from Academic Debt Act of 2013 or the GRAD Act of 2013 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow borrowers of Direct Stafford Loans to opt to extend the period before they must begin to repay such loans to one year after they cease to carry at least one-half the normal full-time academic workload. (Currently, the repayment period for Direct Stafford Loans begins six months after borrowers cease to carry at least one-half the normal full-time academic workload.)

Subsidizes the interest that accrues on Direct Stafford Loans for the first six months of that extended grace period.

Makes this Act applicable to Direct Stafford Loans first disbursed on or after July 1, 2013.

What's happening now July 8, 2013

Referred to the Subcommittee on Higher Education and Workforce Training.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2