H.R. 3624 (112th): Student Loan Default Prevention Act

Introduced:
Dec 08, 2011 (112th Congress, 2011–2013)
Sponsor:
Rep. Michael Michaud [D-ME2]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 618 on Feb 12, 2013. See H.R. 618 for current action on this subject.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

(About Ads | Go Ad-Free for $5)
Status

This bill was introduced on December 8, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Dec 08, 2011
Referred to Committee Dec 08, 2011
Cosponsors
7 cosponsors (7D) (show)
Committees

House Education and the Workforce

The committee chair determines whether a bill will move past the committee stage.

Full Title

To authorize the Secretary of Education to enter into voluntary, flexible agreements with certain guaranty agencies to provide delinquency prevention and default aversion services for borrowers and potential borrowers of Federal Direct Loans under the Higher Education Act of 1965, and for other purposes.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Dec 08, 2011.
5 pages

Primary Source

View on THOMAS (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here.

Citation

Click a format for a citation suggestion:

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

12/8/2011--Introduced.
Student Loan Default Prevention Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require the Secretary of Education, upon the request of an eligible guaranty agency, to enter into or revise a voluntary, flexible agreement with that agency to provide services to borrowers and potential borrowers of Federal Family Education Loans (FFELs) or Direct Loans (DLs). Treats guarantee agencies as eligible to participate in such agreements if they have extensive and relevant experience and demonstrated effectiveness in providing such services.
Authorizes those guaranty agencies to provide services that include:
(1) delinquency prevention and default aversion activities,
(2) collecting defaulted loans,
(3) monitoring institutions that participate in the DL program,
(4) training financial aid officials, and
(5) informational outreach to schools and students that supports access to higher education and financial literacy.
Requires the Secretary to pay fees to such agencies that are cost neutral and take into account the savings projected from the provision of such services.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)