H.R. 2195, To amend title 10, United States Code, to expand the education loan repayment program for members of the Selected Reserve

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H.R. 2195 would amend title 10, United States Code, to expand the education loan repayment program for members of the Selected Reserve.

Detailed Summary

Includes within educational loans eligible for repayment by the Department of Defense (DOD) under the Selected Reserve education loan repayment program any educational loan made by a lender that is: (1) an agency or instrumentality of a state; (2) a financial or credit institution subject to examination and supervision by the United States or a state; (3) a pension fund approved by the Secretary of Defense; or (2) a nonprofit private entity designated and regulated by a state, and approved by the Secretary.

Makes officers (under current law, only enlisted personnel) eligible for such repayments.

Status of the Legislation

Latest Major Action: 6/20/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Military Personnel.

Points in Favor

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Points Against

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