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Latest Update: Saturday, July, 05th 2008

A bill to amend the Higher Education Act of 1965 to reduce over a 5-year period the interest rate on certain undergraduate student loans.

1/12/2007--Introduced.

College Student Relief Act of 2007 - Amends the Higher Education Act of 1965 to phase-in cuts in the interest rate charged undergraduate student borrowers of subsidized loans under the Federal Family Education Loan (FFEL) program, thereby reducing such rate from 6.8% in July 2006 to 3.4% in July 2011.

Latest Actions
  • 01/12/2007 - Sponsor introductory remarks on measure. (CR S515-516)
  • 01/12/2007 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S516)
Bill Text
File name Last Updated
S.282 Introduced in Senate08/31/2007