Direct Loan Reward Act of 2004

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

R PetriSponsor

36 cosponsors · 28 D, 8 R

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Direct Loan Reward Act of 2004 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Secretary of Education to carry out a Direct Loan Reward Program to encourage institutions of higher education to participate in the student loan program under part D, Federal Perkins Loans.

What it does: CRS summary · Introduced in House · May 17, 2004

Makes the amount of financial reward payment to an institution under this Act equal to 50 percent of the savings to the Federal Government generated by the institution's participation in such part D student loan program instead of its participation in the student loan program under the part B Federal Family Education Loan Program.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Direct Loan Reward Act of 2004

Latest action (Jun 25, 2004): Referred to the Subcommittee on 21st Century Competitiveness.

Policy area: Education · Origin: House · Introduced: May 17, 2004

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.