Search Results: keywords:"federal direct unsubsidized stafford loans"

  • H. R. 9441 — To amend the Higher Education Act of 1965 to reduce the maximum interest rates for Federal Direct student loans, and for other purposes.
    Status:Introduced in House
    Words:427

    H.R. 9441 is a bill that proposes to amend the Higher Education Act of 1965 to lower interest rates on Federal Direct student loans. It aims to cap the interest rate at a maximum of 3 percent for Federal Direct Stafford Loans, Unsubsidized Stafford Loans, and PLUS Loans for...

    Simple Explanation

    H.R. 9441 is a plan to make it cheaper for students to borrow money for college by lowering the interest rates on certain student loans to no more than 3 percent starting in July 2024. This change is meant to help students pay less money back to the government when they take out new loans to go to school.

  • H. R. 8902 — To make certain individuals ineligible to receive any Federal financial aid under title IV of the Higher Education Act of 1965.
    Status:Introduced in House
    Words:563

    H. R. 8902, known as the “Freeze Aid For Student Assaulters Act of 2024” or the “FAFSA Act of 2024,” aims to make individuals ineligible for federal financial aid under title IV of the Higher Education Act of 1965 if they are convicted of assaulting a police officer or...

    Simple Explanation

    The FAFSA Act of 2024 is a new rule that says people who are convicted of hurting police officers or causing trouble during riots cannot get free money for school from the government anymore. If they were getting free money, they would have to pay it back like a loan, and it would have to be paid back with extra money called interest.