Hearing Date :2007-07-31T00:00:00
Committee :Senate Finance Committee
Sub Committee :
Congress Number :110
Hearing Date :2007-03-22T00:00:00
Committee :Senate Banking Committee
Sub Committee :
Congress Number :110
Hearing Date :2008-06-05T00:00:00
Committee :Senate Banking Committee
Sub Committee :
Congress Number :110
Hearing Date :2007-12-05T00:00:00
Committee :Senate Judiciary Committee
Sub Committee :
Congress Number :110
Hearing Date :2008-03-12T00:00:00
Committee :House Financial Services Committee
Sub Committee :
Congress Number :110
Hearing Date :2007-07-11T00:00:00
Committee :Senate Finance Committee
Sub Committee :
Congress Number :110
Amends the Higher Education Act of 1965 to phase-in interest rate cuts charged to undergraduate student borrowers under the Federal Family Education Loan (FFEL) and Direct Loan (DL) programs. Gradually reduces student loan rates from 6.8 percent in July 2006 to 3.4 percent by July 2011.
To amend title 11 of the United States Code with respect to modification of certain mortgages on principal residences, and for other purposes.
Amends the Higher Education Act of 1965 to require each lender entering into an educational loan arrangement with a postsecondary school to: (1) report annually to the Secretary of Education specified information concerning such arrangement\; (2) inform borrowers of their loan options under title IV (Student Assistance) before extending private educational loans for attendance at such school\; and (3) be barred by such school from marketing such loans in a manner implying the school's endorsement.