To amend the Higher Education Act of 1965 to simplify the delivery of student loans to borrowers and eliminate borrower confusion; to provide a variety of repayment plans, including income contingent repayment through the EXCEL Account, to borrowers so that they have flexibility in managing their student loan repayment obligations, and so that those obligations do not foreclose community service-oriented career choices for those borrowers; to replace, through an orderly transition, the Federal Family Education Loan program with the Federal Direct Student Loan program; to avoid the unnecessary cost, to taxpayers and borrowers, and administrative complexity associated with the Federal Family Education Loan program through the use of a direct student loan program, and for other purposes.
The bill’s titles are written by its sponsor.
Sponsor and status
Sponsor. Representative for New Jersey's 1st congressional district. Democrat.
Last Updated: May 11, 1993
Length: 66 pages
103rd Congress, 1993–1994
This bill was introduced on May 11, 1993, in a previous session of Congress, but was not enacted.
May 11, 1993
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
H.R. 2055 (103rd) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
This bill was introduced in the 103rd Congress, which met from Jan 5, 1993 to Dec 1, 1994. Legislation not enacted by the end of a Congress is cleared from the books.
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GovTrack.us. (2019). H.R. 2055 — 103rd Congress: Student Loan Reform Act of 1993. Retrieved from https://www.govtrack.us/congress/bills/103/hr2055
“H.R. 2055 — 103rd Congress: Student Loan Reform Act of 1993.” www.GovTrack.us. 1993. October 22, 2019 <https://www.govtrack.us/congress/bills/103/hr2055>
Student Loan Reform Act of 1993, H.R. 2055, 103rd Cong..
|title=H.R. 2055 (103rd)
|accessdate=October 22, 2019
|author=103rd Congress (1993)
|date=May 11, 1993
|quote=Student Loan Reform Act of 1993
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