HR.5801 Unshackling Students to Lead, Excel, Act, Develop, and Serve Act of 2012
To provide interest-free deferment on unsubsidized student loans made to recent college students during periods when the national unemployment rate is above 7 percent and other periods of deferment.
- People's Vote
- NONE
- Gov Vote
- NONE
- Outcome
- NONE
Recent Member Votes
My Representatives
Sponsored by
Copy and paste the code below to embed this bill:
Our Analysis:
Votetocracy has not yet analyzed this bill because it has not been considered after being introduced. For a more information please see the official summary below
Summary:
5/17/2012--Introduced.Unshackling Students to Lead, Excel, Act, Develop, and Serve Act of 2012 or U.S. LEADS Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow recent college graduates to defer payment on their student loans under the Federal Family Education Loan (FFEL) and Direct Loan (DL) programs without accruing interest when the national unemployment rate exceeds 7% or the unemployment rate for 21-25 year olds exceeds 9%. Limits that deferral period to a maximum of five years. Makes the deferral available only to graduates aged 21-25 who received their first baccalaureate degree within the four years preceding this Act's enactment.
Actions:
Referred to the Subcommittee on Higher Education and Workforce Training.
Sponsor introductory remarks on measure. (CR E876-877)
Referred to the House Committee on Education and the Workforce.
Question:
Result