S. 897 (113th): Bank on Students Loan Fairness Act

Introduced:

May 8, 2013
113th Congress, 2013–2015

Status:
Died in a previous Congress

This bill was introduced on May 8, 2013, in a previous session of Congress, but was not enacted.

Sponsor:

Elizabeth Warren

Senior Senator from Massachusetts

Democrat

Text:

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Last Updated: May 8, 2013
Length: 4 pages

About the bill

Full Title

A bill to prevent the doubling of the interest rate for Federal subsidized student loans for the 2013-2014 academic year by providing funds for such loans through the Federal Reserve System, to ensure that such loans are available at interest rates that are equivalent to the interest rates at which the Federal Government provides loans to banks through the discount window operated by the Federal Reserve System, and for other purposes.

The bill’s titles are written by its sponsor.

Summary

6/17/2013: In what could become an annual occurrence, Congress yet again faces a looming deadline to resolve the problem of student loan interest rates. Without Congressional action, the rate on federally backed Stafford loans is set to double from 3.4 percent to 6.8 percent on July 1.

The Senate in early June failed to advance two ...

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History

May 8, 2013
 
Introduced

This is the first step in the legislative process.

This page is about 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.

Links & tools

Primary Source

Congress.gov

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