January 25, 2007

Track the College Student Relief Act of 2007

Posted in Legislation Affecting Students, Student Loan News at 12:14 PM by Joe From Boston


Are you at all interested in tracking the College Student Relief Act of 2007, also known as H.R. 5, as it passes through the House and Senate?

Track in on the Library of Congress’s website! Most people don’t know that all the bills before Congress are available online, as are the voting records. Visit http://thomas.loc.gov/cgi-bin/query/z?c110:H.R.+5: to see H.R. 5 text.

Curious about how your lawmakers voted? Visit http://clerk.house.gov/evs/2007/roll032.xml to see the roll call. On the roll call, please be aware that Democrats are in italics, Republicans are in plaintext.

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2 Comments »

  1. For many students, student credits are sought at the start of their college career. Most students do work in a part-time job; however, this is not always enough to cover the many expenses of college. With student credits, the student can keep their attention on things such as studies and classes, without having to worry about many expenses. The great thing about student credits is that for the entire time you are in college full-time, the loan will not need to be repaid until you have finished college for good and graduated in your degree.

  2. Dale said,

    Most support the H.R. 5 bill without even fully understanding the bill and it’s additions (Sunshine Act & Star Act). Rightfully so, since its sugar coded with, “It’s going to lower your student loan interest rates”! Yes, loan rates will drop .68% every year for the next 5 yrs however, it’s not an instant drop and it’s ONLY on subsidized loans. Most student loan borrowers loans are unsubsidized loans, which will not be reduced at all. Also, subsidized loan rates will change right back to 6.80% once the 5yr term is over, just in time for those new graduates to become responsible for the interest on these loans. Hmm, sounds like the Govt is just giving themselves a break, not the students. Additionally, H.R. 5 and it’s additions will increase the fees to FFELP lenders which will force a lot of these lenders out of the student loan industry, minimizing borrowers choices and reducing incentives only FFELP lenders give to borrowers costing student loan borrowers THOUSANDS of dollars in interest. The GOVT is trying to monopolize the industry with this bill and it’s additions. THESE BILLS ARE BAD NEWS FOR STUDENT LOAN BORROWERS! If the Govt really wanted to help students they would put more money into grants and/or incentives to help lowering tuition charged by the colleges. I advise doing your online research, you’ll be shocked at all the hidden things these bills are going to do to student loan borrowers. If you do not support the H.R. 5 bill, Sunshine Act, or Star Act, I recommend contacting your states senator, contact info is available at: http://www.senate.gov/general/contact_information/senators_cfm.cfm. It takes less than 60 seconds to voice your opinion.


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