HR 3560
115th Congress
House
Education
Government lending and loan guarantees
Higher education
Interest, dividends, interest rates
Student aid and college costs
GPA Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 28, 2017
Referred to the House Committee on Education and the Workforce.
Jul 28, 2017
Introduced in House
Plain-English summary
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
Referred to the House Committee on Education and the Workforce.
Committees of jurisdiction
1
Cosponsors
1