H.R.6084 - Income-Dependent Education Assistance Act of 2006109th Congress (2005-2006)
|Sponsor:||Rep. Petri, Thomas E. [R-WI-6] (Introduced 09/14/2006)|
|Committees:||House - Education and the Workforce; Ways and Means|
|Latest Action:||11/02/2006 Referred to the Subcommittee on 21st Century Competitiveness. (All Actions)|
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Summary: H.R.6084 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in House (09/14/2006)
Income-Dependent Education Assistance Act of 2006 - Directs the Secretary of Education to conduct a direct income-dependent education assistance (IDEA) loan program, from July 1, 2007, through July 1, 2013, under which student borrowers of Federal Family Education Loans (FFEL) or Direct Loans (DL), under parts B and D of title IV of the Higher Education Act of 1965, may elect to convert or consolidate such loans to direct IDEA loans. Provides that when a student defaults on a loan under the FFEL or DL programs and it is repaid or canceled by the Secretary, it is thereby converted to a direct IDEA loan.
Amends the Internal Revenue Code to collect IDEA loan repayments through the income tax withholding system.