Key Votes
HR 4628 - Extending Student Loan Interest Rates - Key Vote
National Key Votes
Sanford Bishop, Jr. voted Nay (Passage) on this legislation.
Read recent statements Sanford Bishop, Jr. made in this general time period.
Stages
Family
Issues
Stage Details
Legislation - Bill Passed (House) (215-195) - April 27, 2012 (Key vote)
Title: Extending Student Loan Interest Rates
Vote to pass a bill that extends current interest rates for undergraduate student loans until July 1, 2013.
- Extends the following interest rates for Federal Direct Stafford Loans made to undergraduates from July 1, 2012 to July 1, 2013 (Sec. 2):
- 6.8 percent on the unpaid principal balance of the loan if the first disbursement is made on or after July 1, 2006 but before July 1, 2008;
- 6 percent on the unpaid principal balance of the loan if the first disbursement is made on or after July 1, 2008 but before July 1, 2009;
- 5.6 percent on the unpaid principal balance of the loan if the first disbursement is made on or after July 1, 2009 but before July 1, 2010;
- 4.5 percent on the unpaid principal balance of the loan if the first disbursement is made on or after July 1, 2010 but before July 1, 2011; and
- 3.4 percent on the unpaid principal balance of the loan if the first disbursement is made on or after July 1, 2011 but before July 1, 2012.
- Repeals the Prevention and Public Health Fund established by the Patient Protection and Affordable Care Act and rescinds all unspent funds appropriated to the Prevention and Public Health Fund (Sec. 3).
Legislation - Introduced (House) - April 25, 2012
Title: Extending Student Loan Interest Rates
Sponsors
- Judy Biggert (IL - R) (Out Of Office)
