Higher Education Extension Act of 2015
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HR 3594 — Higher Education Extension Act of 2015
Last action — Became Public Law No: 114-105. (TXT | PDF)
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed House
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced September 24, 2015. Enacted.
Summary
Higher Education Extension Act of 2015 (Sec. 2) This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the authority of institutions of higher education (IHEs) to disburse Federal Perkins Loans to new undergraduate borrowers through September 30, 2017. A student must first exhaust Federal Direct Subsidized and Unsubsidized Stafford Loan eligibility. IHEs may continue to disburse Perkins Loans to current undergraduate borrowers through September 30, 2017. A student must first exhaust all Federal Direct Subsidized Stafford Loan eligibility. IHEs may continue to disburse Perkins Loans to certain graduate borrowers through September 30, 2016, to enable students to continue or complete an academic program. A student must have received a Perkins loan prior to October 1, 2015. The bill prohibits Perkins Loan disbursement beyond September 30, 2017. It also prohibits authorization of additional appropriations for the Federal Perkins Loan program beyond September 30, 2016. Beginning October 1, 2017, each participating IHE must pay to the Department of Education: (1) a portion of the federal share of the balance of its Perkins Loan funds; (2) a portion of the Perkins student loan payments, including principal and interest, received by the institution; and (3) a capital distribution from its Perkins Loan fund. (Sec. 3) The bill also expands disclosure requirements for IHEs that participate in the Federal Perkins Loan program. Specifically, prior to Perkins Loan disbursement, an IHE must provide notice and explanation to all borrowers regarding unavailability of future Perkins loans, limited Perkins loan repayment and forgiveness options, and Direct Loan consolidation options. Also, an IHE must provide notice and explanation to new and current undergraduate borrowers regarding a comparison of Perkins and Direct loan interest rates.
Bill Text
We don't have the full text on file for this bill yet.
Read HR 3594 on the official United States source →Action History
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Became Public Law No: 114-105. (TXT | PDF)
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Signed by President.
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Presented to President.
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Motion to reconsider laid on the table Agreed to without objection.
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On motion that the House agree to the Senate amendment Agreed to without objection. (text as House agreed to Senate amendment: CR H9676)
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Mr. Bishop (MI) asked unanimous consent that the House agree to the Senate amendment. (consideration: CR H9676)
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Message on Senate action sent to the House.
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Passed Senate with an amendment by Voice Vote.
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S.Amdt.2929 Amendment SA 2929 agreed to in Senate by Unanimous Consent.
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S.Amdt.2929 Amendment SA 2929 proposed by Senator Alexander. (consideration: CR S8708; text: CR S8708)
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Measure laid before Senate by unanimous consent. (consideration: CR S8708-8709)
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Received in the Senate, read twice.
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Motion to reconsider laid on the table Agreed to without objection.
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On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H6279)
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DEBATE - The House proceeded with forty minutes of debate on H.R. 3594.
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Considered under suspension of the rules. (consideration: CR H6279-6281)
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Mr. Bishop (MI) moved to suspend the rules and pass the bill.
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Referred to the House Committee on Education and the Workforce.
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Introduced in House
Sponsors
- Mike Bishop · Primary
Sponsorship breakdown
Export CSV (upgrade) →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.
Show all 546 →"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.
Subjects
Frequently asked questions
- What does HR 3594 do?
- Higher Education Extension Act of 2015 (Sec. 2) This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the authority of institutions of higher education (IHEs) to disburse Federal Perkins Loans to new undergraduate borrowers through September 30, 2017. A student must first exhaust Federal Direct Subsidized and Unsubsidized Stafford Loan eligibility. IHEs may continue to disburse Perkins Loans to current undergraduate borrowers through September 30, 2017. A student must first exhaust all Federal Direct Subsidized Stafford Loan eligibility. IHEs may continue to disburse Perkins Loans to certain graduate borrowers through September 30, 2016, to enable students to continue or complete an academic program. A student must have received a Perkins loan prior to October 1, 2015. The bill prohibits Perkins Loan disbursement beyond September 30, 2017. It also prohibits authorization of additional appropriations for the Federal Perkins Loan program beyond September 30, 2016. Beginning October 1, 2017, each participating IHE must pay to the Department of Education: (1) a portion of the federal share of the balance of its Perkins Loan funds; (2) a portion of the Perkins student loan payments, including principal and interest, received by the institution; and (3) a capital distribution from its Perkins Loan fund. (Sec. 3) The bill also expands disclosure requirements for IHEs that participate in the Federal Perkins Loan program. Specifically, prior to Perkins Loan disbursement, an IHE must provide notice and explanation to all borrowers regarding unavailability of future Perkins loans, limited Perkins loan repayment and forgiveness options, and Direct Loan consolidation options. Also, an IHE must provide notice and explanation to new and current undergraduate borrowers regarding a comparison of Perkins and Direct loan interest rates.
- Who sponsors HR 3594?
- HR 3594 is sponsored by Mike Bishop (R).
- What is the current status of HR 3594?
- This bill has been enacted into law. Introduced September 24, 2015. Enacted.
- Where can I track HR 3594?
- Track HR 3594 free on One Click Politics — get push/email alerts when it moves.
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