Comprehensive Student Loan Protection Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to set the interest rate on Direct Loans, for any 12-month period beginning on July 1 and ending on June 30, at the bond equivalent rate of 10-year Treasury bills auctioned at the final auction held prior to such June 1, plus 3%.
Makes: (1) that formula applicable to Direct Loans first disbursed on or after July 1, 2013, and (2) the rate set on such loans applicable for the life of the loans.
Requires any savings to the federal government that result from this Act's amendment to be used for deficit reduction.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2013-06-06 | Vote | Cloture on the motion to proceed to measure not invoked in Senate by Yea-Nay Vote. 40 - 57. Record Vote Number: 142. (consideration: CR S3976-3977; text: CR S3977) | Senate |
| 2013-06-04 | Floor | Cloture motion on the motion to proceed to measure presented in Senate. (consideration: CR S3949; text: CR S3949) | Senate |
| 2013-06-04 | Floor | Motion to proceed to consideration of measure, by unanimous consent, made in Senate. (consideration: CR S3949) | Senate |
| 2013-05-22 | Calendars | Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 76. | Senate |
| 2013-05-21 | Calendars | Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. | Senate |
| 2013-05-21 | IntroReferral | Introduced in Senate | Library of Congress |