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 extend the 3.4% interest rate on Federal Direct Stafford loans to loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2015.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1433 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 1433

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 9, 2013

 Mr. Courtney (for himself, Mr. Bishop of New York, Ms. Bonamici, Mr. 
 Braley of Iowa, Mrs. Bustos, Mrs. Capps, Mr. Cardenas, Mr. Carson of 
Indiana, Mr. Castro of Texas, Mr. Cicilline, Ms. Clarke, Mr. Cohen, Mr. 
    Connolly, Ms. DeLauro, Ms. DelBene, Mr. Dingell, Mr. Doyle, Ms. 
Duckworth, Ms. Edwards, Ms. Esty, Mr. Grijalva, Mr. Higgins, Mr. Himes, 
Mr. Hinojosa, Mr. Holt, Mr. Horsford, Ms. Jackson Lee, Mr. Kilmer, Mr. 
Langevin, Mr. Larsen of Washington, Mr. Larson of Connecticut, Ms. Lee 
of California, Mr. Lewis, Mr. Loebsack, Mrs. Carolyn B. Maloney of New 
 York, Mr. Markey, Mr. McDermott, Mr. McGovern, Ms. Moore, Mr. Nadler, 
 Ms. Norton, Mr. Peters of Michigan, Ms. Pingree of Maine, Mr. Polis, 
 Mr. Rangel, Mr. Ryan of Ohio, Ms. Loretta Sanchez of California, Mr. 
 Sarbanes, Ms. Schakowsky, Mr. Schiff, Mr. Schrader, Ms. Schwartz, Ms. 
 Shea-Porter, Ms. Slaughter, Mr. Tonko, Mr. Van Hollen, Mr. Vela, Mr. 
Walz, Mr. Waxman, Mr. Welch, Mr. Yarmuth, Mr. Conyers, Mr. Al Green of 
  Texas, Ms. Roybal-Allard, Mr. Thompson of California, Mr. Peters of 
California, Mr. Tierney, and Mr. Lynch) 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 
        ``2013'' and inserting ``2015''; and
            (2) in clause (v), by striking ``2013'' and inserting 
        ``2015''.
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