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Bill
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Student Loan Affordability Act of 2013

S. 707 · 113th Congress · Apr 11, 2013 · Lineage

A BILL

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

Section 1 Short title

This Act may be cited as the “Student Loan Affordability Act of 2013”.

Sec. 2 Interest rate extension

Section 455(b)(7)(D) of the Higher Education Act of 1965 (20 U.S.C. 1087e(b)(7)(D)) 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”.