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HR 4495 114th Congress House Education Government lending and loan guarantees Higher education Student aid and college costs

Education for Jobs Act

Introduced: February 8, 2016 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 23, 2016
Referred to the Subcommittee on Higher Education and Workforce Training.
Feb 8, 2016
Referred to the House Committee on Education and the Workforce.
Feb 8, 2016
Introduced in House
 Plain-English summary Congressional Research Service

Education for Jobs Act

This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to make an individual eligible to apply for a loan under the William D. Ford Federal Direct Loan program if that individual: (1) is carrying at least three credit hours or the equivalent coursework for the course of study the individual is pursuing, (2) is enrolled in an educational program leading to a degree or certificate, and (3) was employed on a full-time basis for at least 10 years.

It makes those students eligible for interest subsidies. It requires the repayment period for such a loan to begin the day after six months after the student ceases to meet the loan eligibility requirements.

What's happening now March 23, 2016

Referred to the Subcommittee on Higher Education and Workforce Training.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1