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Text of the Student Loan Affordability Act of 2013

This bill was introduced on April 11, 2013, in a previous session of Congress, but was not enacted. The text of the bill below is as of Apr 11, 2013 (Introduced).

II

113th CONGRESS

1st Session

S. 707

IN THE SENATE OF THE UNITED STATES

April 11, 2013

(for himself,Mr. Franken,Ms. Stabenow,Mr. Whitehouse,Mr. Sanders, andMr. Brown) introduced the following bill; which was read twice and referred to theCommittee on Health, Education, Labor, and Pensions

A BILL

To amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.

1.

Short title

This Act may be cited as the Student Loan Affordability Act of 2013 .

2.

Interest rate extension

Section 455(b)(7)(D) of the Higher Education Act of 1965( 20 U.S.C. 1087e(b)(7)(D) )is amended—

(1)

in the matter precedingclause (i), by striking2013and inserting2015; and

(2)

inclause (v), by striking2013and inserting2015.