Student Loan Contract Act of 2024
HR 7892, the Student Loan Contract Act of 2024, requires that master promissory notes for federal student loans under Part D of the Higher Education Act be officially called "student loan contracts" starting after the bill's enactment. It clarifies that these contracts apply only to loans within the same award year as the initial loans covered by the contract. The bill makes this terminology change and updates related references in the Higher Education Act, but does not alter loan terms, repayment conditions, or borrower obligations. This is a procedural adjustment to standardize document naming and administrative references.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2024
Committee Review
Floor Vote
President
Introduced Apr 9, 2024
Last action Apr 9, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Apr 9, 2024
Committee
Referred to the House Committee on Education and the Workforce.
lower
Apr 9, 2024
Introduced
Introduced in House
lower
1 primary · 7 co-sponsors
Sponsors
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