H.R. 5895 (112th): Graduate Success Act

Introduced:
Jun 05, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Karen Bass [D-CA33]
Status:
Died (Referred to Committee)

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

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Status

This bill was introduced on June 5, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Jun 05, 2012
Referred to Committee Jun 05, 2012
Cosponsors
39 cosponsors (39D) (show)
Committees

House Education and the Workforce

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

Full Title

To provide interest-free deferment on unsubsidized student loans during periods of unemployment, and for other purposes.

Summary

No summaries available.

Text

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Last updated Jun 05, 2012.
5 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

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

6/5/2012--Introduced.
Graduate Success Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Secretary of Education to pay the interest that accrues on unsubsidized Federal Family Education Loans (FFELs) and Direct Loans (DLs) that are deferred due to a student borrower's lack of full-time employment.
Requires the Secretary to pay the interest that accrues on Federal Consolidation Loans that are in deferment due to a borrower's lack of full-time employment, provided the application for such a loan is received on or after this Act's enactment.
Directs the Secretary to pay the interest that accrues on FFELs and DLs that are subject to income-based repayment provisions and are in deferment due to a borrower's lack of full-time employment.
Limits these interest-free deferment periods to those occurring on or after this Act's enactment and covering no more than three years of full-time unemployment.

House Republican Conference Summary

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House Democratic Caucus Summary

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

United States Code

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