There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/13/2005)

Amends the Higher Education Act of 1965 (HEA) to allow borrowers consolidating student loans to choose: (1) a variable or fixed interest rate; and (2) the loan consolidator.

Provides for the Federal Government's recapture of excess interest charged by lenders, under HEA provisions for special allowances for lenders of student loans.