H.R. 2410: College Debt Swap Act of 2011
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H.R. 2410: College Debt Swap Act of 2011
112th Congress · introduced 2011-07-06 · Education · Latest: Referred to the Subcommittee on Higher Education and Workforce Training.
federal
Follow this bill, step by step
- Where it came from: introduced 2011-07-06 · official record
- Who proposed it: Rep. Towns, Edolphus [D-NY-10] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Referred to the Subcommittee on Higher Education and Workforce Training. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
College Debt Swap Act of 2011
Plain summary
College Debt Swap Act of 2011 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to allow certain borrowers to consolidate their private education loans as Direct Consolidation Loans. Limits such borrowers to those who: (1) are not in default on a loan made, insured, or guaranteed under title IV, except in certain instances of economic hardship; (2) were enrolled, between July 1, 1994, and July 1, 2010, as students eligible for unsubsidized Stafford loans or PLUS loans under the Federal Family Education Loan or Direct Loan programs; (3) borrowed at least one private education loan during such enrollment period; (4) are repaying their private education loan or are in a grace period preceding such repayment; (5) do not have an adverse credit history with respect to Direct Plus loans; and (6) have not previously obtained a Direct Consolidated Loan under title IV. Makes the program applicable only to private education loans disbursed to borrowers between July 1, 1994, and July 1, 2010. Directs the Secretary of Education to inform and educate students and their families about this loan consolidation program. Terminates the authority to make Consolidation loans under such program on June 30, 2012.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
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A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
Official text
College Debt Swap Act of 2011
Source: Congressional Research Service summary (Introduced in House)
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The strongest published arguments
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Alternatives
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Towns, Edolphus [D-NY-10] · 9 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Gwen Moore (D-WI), Henry C. "Hank" Johnson, Jr. (D-GA), Gregory W. Meeks (D-NY), André Carson (D-IN)
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-112hr2410.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/112/hr>
Record fed-us-cong112-hr2410 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112