HR 5622 114th Congress House Education Government lending and loan guarantees Higher education Interest, dividends, interest rates Student aid and college costs

GPA Act

Introduced: July 5, 2016 Introduced by: Aguilar, Pete Democratic · California See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Sep 19, 2016

Referred to the Subcommittee on Higher Education and Workforce Training.

Jul 5, 2016

Referred to the House Committee on Education and the Workforce.

Jul 5, 2016

Introduced in House

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Plain-English summary Congressional Research Service

Grace Period Alleviation Act or the GPA Act

This bill amends the Higher Education Act of 1965 to allow a borrower of a Federal Direct Stafford Loan (whether subsidized or unsubsidized) to elect a one-year grace period before beginning repayment on the loan.

The Department of Education, through a loan modification process, must pay to each borrower who received a Federal Direct Stafford Loan for which the first disbursement was made between July 1, 2012, and July 1, 2014, an amount equal to the amount of interest that accrued on the loan prior to the beginning of the repayment period.

What's happening now September 19, 2016

Referred to the Subcommittee on Higher Education and Workforce Training.

Bill text 1 version