H. R. 3835
IN THE HOUSE OF REPRESENTATIVES
September 26, 2017
Mrs. Davis of California introduced the following bill; which was referred to the Committee on Education and the Workforce
To amend the Higher Education Act of 1965 to eliminate origination fees for Federal Direct Loans.
This Act may be cited as the
Eliminating the Hidden Student Loan Tax Act.
Elimination of origination fees for Federal Direct Loans
Sense of Congress
It is the sense of Congress that no origination fees should be charged on any future Federal Direct Loans.
Repeal of origination fees
Subsection (c) of section 455 of the Higher Education Act of 1965 (20 U.S.C. 1087e(c)) is repealed.
The amendment made by subsection (b) shall apply with respect to loans made under part D of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a et seq.) for which the first disbursement of principal is made, or, in the case of a Federal Direct Consolidation Loan, the application is received, on or after July 1, 2017.