H.R. 4628, The Interest Rate Reduction Act
- This item is from the 112th Congress (2011-2012) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
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H.R. 4628 would extend student loan interest rates for undergraduate Federal Direct Stafford Loans.
Detailed Summary
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Status of the Legislation
Latest Major Action: 4/25/2012: Referred to House committee. Status: Referred to the Committee on Education and the Workforce, and in addition to the Committees on Energy and Commerce, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Points in Favor
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Points Against
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Saves: $ per
and decreases their $ share of the national debt by $.
(source: Congressional Budget Office)
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