S. 707 — Introduced in Senate

II 113th CONGRESS 1st Session S. 707 IN THE SENATE OF THE UNITED STATES April 11, 2013 Mr. Reed (for himself, Mr. Franken, Ms. Stabenow, Mr. Whitehouse, Mr. Sanders, and Mr. Brown) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions A BILL To amend the Higher Education Act of 1965 to extend the reduced interest rate for Federal Direct Stafford Loans. 1. Short title This Act may be cited as the Student Loan Affordability Act of 2013. 2. Interest rate extension Section 455(b)(7)(D) of the Higher Education Act of 1965 (20 U.S.C. 1087e(b)(7)(D)) is amended— (1) in the matter preceding clause (i), by striking 2013 and inserting 2015; and (2) in clause (v), by striking 2013 and inserting 2015.