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 ...!--[if>
Sponsor and status
Sponsor. Senator for Rhode Island. Democrat.
Last Updated: May 15, 2013
Length: 16 pages
113th Congress, 2013–2015
This bill was introduced in a previous session of Congress but was killed due to a failed vote for cloture, under a fast-track vote called "suspension", or while resolving differences on June 6, 2013.
What legislators are saying
“Durbin, Senators Introduce Fully Paid for Legislation to Prevent Student Loan Rate Hike”
— Sen. Richard Durbin [D-IL] (Co-sponsor) on May 15, 2013
S. 953 (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.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2019). S. 953 — 113th Congress: Student Loan Affordability Act. Retrieved from https://www.govtrack.us/congress/bills/113/s953
“S. 953 — 113th Congress: Student Loan Affordability Act.” www.GovTrack.us. 2013. July 21, 2019 <https://www.govtrack.us/congress/bills/113/s953>
Student Loan Affordability Act, S. 953, 113th Cong. (2013).
|title=S. 953 (113th)
|accessdate=July 21, 2019
|author=113th Congress (2013)
|date=May 14, 2013
|quote=Student Loan Affordability Act
Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.