,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #cjdg  ,,in ,,the ,,house ,,of  
,,representatives  ,august #b1 #bjac    
,mr4 ,pocan introduced the following    
bill2 which was referred to the         
,committee on ,education and the        
,workforce  ,a ,,bill  ,to authorize    
borrowers of loans under the ,william   
,d4 ,ford ,federal ,direct ,loan        
,program to modify the interest rate of 
such loans to be equal to the interest  
rate for such loans at the time of      
modification4  #a4 ,borrower            
modification of interest rates under the
 ,william ,d4 ,ford ,federal ,direct    
,loan ,program ,section #dee7;b7 of the 
,higher ,education ,act of #aife 7#bj   
,u4,s4,c4 #ajhg;e7b77 is amended by     
adding at the end the following new     
paragraph3  7#aj7 ,borrower modification
 of interest rate  7,a7 ,modification   
,notwithstanding the preceding          
paragraphs of this subsection1 the      
borrower of a ,federal ,direct ,stafford
 ,loan1 a ,federal ,direct ,unsubsidized

 ,stafford ,loan1 a ,federal ,direct    
,,plus ,loan1 or a ,federal ,direct     
,consolidation ,loan may elect to modify
 the interest rate of the loan to be    
equal to the interest rate that would be
 applicable to such loan if such loan   
were first disbursed 7or in the case of 
a ,federal ,direct ,consolidation ,loan1
 first applied for7 on the date on which
 such borrower elects to modify the     
interest rate of such loan4  7,b7 ,fixed
 rate ,except as provided in            
subparagraph 7,c71 an interest rate     
elected under subparagraph 7,a7 for a   
loan shall be fixed for the life of the 
loan4  7,c7 ,continuing authority to    
modify ,a borrower may elect to modify  
the interest rate of a loan in          
accordance with subparagraph 7,a7 at any
 time during the life of the loan4  4