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S 707 113th Congress Senate

Student Loan Affordability Act of 2013

Official title: A bill to amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.

Introduced: April 11, 2013 Introduced by: Reed, Jack Democratic · Rhode Island See on congress.gov
Education Higher educationInterest, dividends, interest ratesStudent aid and college costs
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Apr 11, 2013
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Apr 11, 2013
Sponsor introductory remarks on measure. (CR S2591-2592)
Apr 11, 2013
Introduced in Senate
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 Latest action April 11, 2013

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Plain-English summary Congressional Research Service

Student Loan Affordability Act of 2013 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the 3.4% interest rate on Federal Direct Stafford loans to loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2015.

 Related & companion bills 5
  • HR 1433 Related bill To amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.
  • HR 1498 Related bill To extend the interest rate for Federal Direct Stafford Loans.
  • HR 1595 Related bill Student Loan Relief Act of 2013
  • HR 1876 Related bill Stability to Ensure the American Dream for Youth Act
  • S 682 Related bill Comprehensive Student Loan Protection Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 5 Independent 1
D
Baldwin, Tammy
Wisconsin · May 9, 2013
 D
Durbin, Richard J.
Illinois · Apr 17, 2013
 D
Klobuchar, Amy
Minnesota · Apr 16, 2013
 D
Merkley, Jeff
Oregon · Apr 16, 2013
 I
Sanders, Bernard
Vermont · Apr 11, 2013
 D
Whitehouse, Sheldon
Rhode Island · Apr 11, 2013
Cite this page click to expand
APA
U.S. Congress. (2026). S. 707: Student Loan Affordability Act of 2013. 113th Congress. Open America. https://openamerica.io/bill/113-S-707/
MLA
"S. 707: Student Loan Affordability Act of 2013." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-707/.
Bluebook (legal)
S. 707, 113th Cong. (2026), https://openamerica.io/bill/113-S-707/.
Markdown link
[S. 707: Student Loan Affordability Act of 2013](https://openamerica.io/bill/113-S-707/)
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