Bipartisan Student Loan Certainty Act of 2013
The Bipartisan Student Loan Certainty Act of 2013 was a bill signed into law by President Barack Obama on August 9, 2013, which, after more than a month of contentious debate between both parties about higher education and how the government should distribute loans, sets federal student loan rates to financial markets on all DIRECT student loans disbursed on or after July 1, 2013. There are maximum rate caps for Undergrad, Graduate PLUS and Parent PLUS loans. Democrats had originally planned to extend the low 3.4% rate for another 1–2 years but the bill, sponsored by Sen. Jack Reed (D-RI), was filibustered. Republicans in the House created a market-based approach, and the two sides eventually reconciled, after Sen. Joe Manchin (D-WV) and Sen. Angus King (I-ME) broke away from the Democrati
primaryTopic
Bipartisan Student Loan Certainty Act of 2013
The Bipartisan Student Loan Certainty Act of 2013 was a bill signed into law by President Barack Obama on August 9, 2013, which, after more than a month of contentious debate between both parties about higher education and how the government should distribute loans, sets federal student loan rates to financial markets on all DIRECT student loans disbursed on or after July 1, 2013. There are maximum rate caps for Undergrad, Graduate PLUS and Parent PLUS loans. Democrats had originally planned to extend the low 3.4% rate for another 1–2 years but the bill, sponsored by Sen. Jack Reed (D-RI), was filibustered. Republicans in the House created a market-based approach, and the two sides eventually reconciled, after Sen. Joe Manchin (D-WV) and Sen. Angus King (I-ME) broke away from the Democrati
has abstract
The Bipartisan Student Loan Ce ...... to prevent undesired gridlock.
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Link from a Wikipage to an external page
Wikipage page ID
40,438,263
Wikipage revision ID
701,720,571
acts affected
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introduced in the
introducedby
introduceddate
2013-05-09
introducedin
name
Bipartisan Student Loan Certainty Act of 2013; Smarter Solutions for Students Act
passedas
Bipartisan Student Loan Certainty Act of 2013
passedbody
passeddate
2013-05-23
2013-07-24
2013-07-31
passedvote
public law url
signeddate
2013-08-09
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Sponsored by
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comment
The Bipartisan Student Loan Ce ...... broke away from the Democrati
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label
Bipartisan Student Loan Certainty Act of 2013
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