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> (HR 1.299) Student Loan Consolidation Choice Act
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Immortal Ace
Posted: Sep 25 2004, 07:42 PM
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House Minority and Republican Party Whip
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IN THE SENATE OF THE UNITED STATES

August 15, 2004

Mr. JOHN SMITH (for himself and Mr. JUAN GALT) introduced the following bill; to be referred to the committee on Education and the Workforce.

A BILL

To amend the Higher Education Act of 1965 to provide student loan borrowers with a choice of lender for loan consolidation.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE

This Act may be cited as the `Student Loan Consolidation Choice Act'.

SEC. 2. STUDENT LOAN BORROWER CHOICE OF LOAN CONSOLIDATOR

Section 428C( b )(1)(A) of the Higher Education Act of 1965 (20 U.S.C. 1078-3
( b )(1)(A)) is amended by striking `and (i) the lender holds' and all that follows through `selected for consolidation)'.
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