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

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About the bill

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 bills meant to prevent this imminent increase in rates. A bill backed by Democrats would extend the current interest rate for two years, and offset the cost by ending three ...

Sponsor and status

Elizabeth Warren

Sponsor. Senator for Massachusetts. Democrat.

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Last Updated: May 8, 2013
Length: 4 pages
May 8, 2013
113th Congress, 2013–2015
Died in a previous Congress

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


Position statements

What legislators are saying

Blumenthal Calls on Congress to Return To Washington Immediately, Undo Interest Rate Hike on Subsidized Stafford Student Loans
    — Sen. Richard Blumenthal [D-CT] (Co-sponsor) on Jul 1, 2013

Congresswoman Waters Votes NO on GOP Bill That Would Make College More Expensive
    — Rep. Maxine Waters [D-CA43] on May 23, 2013

Congresswoman Waters Votes NO on GOP Bill That Would Make College More Expensive
    — Rep. Maxine Waters [D-CA43] on May 22, 2013

More statements at ProPublica Represent...


May 8, 2013

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

S. 897 (113th) 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 113th Congress, which met from Jan 3, 2013 to Jan 2, 2015. Legislation not enacted by the end of a Congress is cleared from the books.

How to cite this information.

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