Federal Student Loan Act
Latest action. Referred to House Committee on Education and Labor.
Federal Student Loan Act - Title I: Loans for College Students - Authorizes the Commissioner of Education to enter into an agreement with any public or nonprofit institution of higher education which desires to participate in a program making financial loans to students. Sets forth the terms which must be included in the agreement. Provides that the average loan shall not exceed $1,000 per year for an undergraduate student or $1,500 per year for a graduate student. Provides for repayment of such loans commencing 2 years after the recipient ceases to be a bona fide student. Establishes repayment terms based on a percentage of personal net taxable income or a percentage of the total amount of the loan. Title II: Definitions and Other Provisions Applicable to Entire Act - Defines "institution of higher education", "high school", "non-profit educational institution" and "States". Authorizes the Commissioner, with the approval of the Secretary of HEW, to appoint advisory committees to consult with him with respect to the administration of his functions under this Act. Title III: National Study - Directs the Commissioner to undertake a study and to report his findings and recommendations concerning the extent to which this Act can reasonably replace various other Federal grants or assistance programs.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on January 3, 1973. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on January 3, 1973: Referred to House Committee on Education and Labor.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the House
- Passage by the Senate
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 93rd Congress (1973-74), 651 of the 23,396 bills and joint resolutions introduced became law, about 2.8 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
NEAL SMITH (D-IA) introduced it on January 3, 1973. No cosponsors are recorded.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on January 3, 1973, 19655 days ago. The most recent recorded action was 19655 days ago, on January 3, 1973.
Measures do not carry over. Anything the 93rd Congress has not finished by January 3, 1975 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers