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H.R. 6510: Student Loan Prepayment Standardization Act

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H.R. 6510: Student Loan Prepayment Standardization Act

112th Congress · introduced 2012-09-21 · Education · Latest: Referred to the House Committee on Education and the Workforce.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2012-09-21 · official record
  2. Who proposed it: Rep. Deutch, Theodore E. [D-FL-19] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Education and the Workforce. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Student Loan Prepayment Standardization Act

Plain summary

Student Loan Prepayment Standardization Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require that when the holder of a borrower's private education loans or loans made under the Federal Family Education Loan (FFEL) or Direct Loan (DL) programs receives a prepayment for such loans, it is to be applied first toward any fees due on such loans and then, unless the borrower requests otherwise, toward the interest and principal due on the loan with the highest interest rate. Makes that requirement inapplicable to income-based repayment plans for FFELs or DLs.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

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

Student Loan Prepayment Standardization Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Deutch, Theodore E. [D-FL-19] · 2 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Kathy Castor (D-FL)

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

Record fed-us-cong112-hr6510 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112