H.R.4124 - Student Loan Default Reduction Amendments of 1990101st Congress (1989-1990)
|Sponsor:||Rep. Smith, Denny [R-OR-5] (Introduced 02/27/1990)|
|Committees:||House - Education and Labor|
|Latest Action:||House - 04/04/1990 Referred to the Subcommittee on Postsecondary Education. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Summary: H.R.4124 — 101st Congress (1989-1990)All Information (Except Text)
Introduced in House (02/27/1990)
Student Loan Default Reduction Amendments of 1990 - Amends the Higher Education Act of 1965 with respect to reduction of student loan defaults.
Requires provision for graduated repayment of student loans under federally insured student loans and the insurance program under the guaranteed student (or Stafford) loan program.
Restricts certain institutional promotional activities.
Sets forth wage garnishment requirements for collection of student loan repayments.
Requires that students admitted on the basis of ability to benefit pass certain tests prior to enrollment.
Requires eligible institutions participating in student loan and assistance programs to have certain tuition refund policies.