United States 112th Congress Status: Died 1 D cosponsors

HR 2410 — College Debt Swap Act of 2011

Last action — Referred to the Subcommittee on Higher Education and Workforce Training.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

College Debt Swap Act of 2011 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow certain borrowers to consolidate their private education loans as Direct Consolidation Loans. Limits such borrowers to those who: (1) are not in default on a loan made, insured, or guaranteed under title IV, except in certain instances of economic hardship; (2) were enrolled, between July 1, 1994, and July 1, 2010, as students eligible for unsubsidized Stafford loans or PLUS loans under the Federal Family Education Loan or Direct Loan programs; (3) borrowed at least one private education loan during such enrollment period; (4) are repaying their private education loan or are in a grace period preceding such repayment; (5) do not have an adverse credit history with respect to Direct Plus loans; and (6) have not previously obtained a Direct Consolidated Loan under title IV. Makes the program applicable only to private education loans disbursed to borrowers between July 1, 1994, and July 1, 2010. Directs the Secretary of Education to inform and educate students and their families about this loan consolidation program. Terminates the authority to make Consolidation loans under such program on June 30, 2012.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 2410 on the official United States source →

Action History

  1. Referred to the Subcommittee on Higher Education and Workforce Training.

  2. Referred to the House Committee on Education and the Workforce.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HR 2410 do?
College Debt Swap Act of 2011 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow certain borrowers to consolidate their private education loans as Direct Consolidation Loans. Limits such borrowers to those who: (1) are not in default on a loan made, insured, or guaranteed under title IV, except in certain instances of economic hardship; (2) were enrolled, between July 1, 1994, and July 1, 2010, as students eligible for unsubsidized Stafford loans or PLUS loans under the Federal Family Education Loan or Direct Loan programs; (3) borrowed at least one private education loan during such enrollment period; (4) are repaying their private education loan or are in a grace period preceding such repayment; (5) do not have an adverse credit history with respect to Direct Plus loans; and (6) have not previously obtained a Direct Consolidated Loan under title IV. Makes the program applicable only to private education loans disbursed to borrowers between July 1, 1994, and July 1, 2010. Directs the Secretary of Education to inform and educate students and their families about this loan consolidation program. Terminates the authority to make Consolidation loans under such program on June 30, 2012.
Who sponsors HR 2410?
HR 2410 is sponsored by Edolphus Towns (Democrat).
What is the current status of HR 2410?
This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 2410?
Track HR 2410 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes about 14 hours ago · updated continuously

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