Student Loan Grace Period Extension Act

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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

D HahnSponsor

23 cosponsors · 23 D

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

Student Loan Grace Period Extension Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the grace period before payment must begin on Direct Stafford Loans from 6 months to 12 months after borrowers cease to carry at least one-half the normal full-time academic workload.

What it does: CRS summary · Introduced in House · Mar 28, 2012

Extends the federal interest subsidy on Direct Stafford Loans to all of the interest accrued on such loans before the loan repayment period begins. (Currently, the subsidy applies to all of the interest accrued before a borrower ceases to carry at least one-half the normal full-time academic workload.)

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

About this bill and sources

Official title: Student Loan Grace Period Extension Act

Latest action (Sep 26, 2012): Referred to the Subcommittee on Higher Education and Workforce Training.

Policy area: Education · Origin: House · Introduced: Mar 28, 2012

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

No recorded floor vote found.