To amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans.

Amends title IV (Student Assistance) of the Higher Education Act of 1965 to make the 3.4% interest rate on Direct Stafford loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2012, applicable to Direct Stafford loans first disbursed to undergraduate students on or after July 1, 2012.

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3826 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 3826

    To amend the Higher Education Act of 1965 to extend the reduced 
            interest rate for Federal Direct Stafford Loans.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 25, 2012

  Mr. Courtney (for himself, Mr. Peters, Mr. Reyes, Mr. Hinojosa, Mr. 
   Jackson of Illinois, Mr. Braley of Iowa, Mr. Stark, Mr. Clarke of 
Michigan, Mr. Grijalva, and Ms. Norton) introduced the following bill; 
   which was referred to the Committee on Education and the Workforce

_______________________________________________________________________

                                 A BILL


 
    To amend the Higher Education Act of 1965 to extend the reduced 
            interest rate for Federal Direct Stafford Loans.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. INTEREST RATE EXTENSION.

    Subparagraph (D) of section 455(b)(7) of the Higher Education Act 
of 1965 (20 U.S.C. 1087e(b)(7)) is amended--
            (1) in the matter preceding clause (i), by striking ``and 
        before July 1, 2012,''; and
            (2) in clause (v), by striking ``and before July 1, 
        2012,''.
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