PSI Sci
New here? Follow the money and the votes · Not sure of your district? Find your U.S. House member · Find your state legislators

H.R. 3594: Federal Perkins Loan Program Extension Act of 2015

Before you vote › Federal bills

H.R. 3594: Federal Perkins Loan Program Extension Act of 2015

114th Congress · introduced 2015-09-24 · Education · Latest: Became Public Law No: 114-105.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2015-09-24 · official record
  2. Who proposed it: Rep. Bishop, Mike [R-MI-8] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Became Public Law No: 114-105. (final step reached)
  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

Federal Perkins Loan Program Extension Act of 2015

Plain summary

(This measure has not been amended since it was passed by the Senate on December 16, 2015. The summary of that version is repeated here.) Federal Perkins Loan Program Extension Act of 2015 (Sec. 2) This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the authority of institutions of higher education (IHEs) to disburse Federal Perkins Loans to new undergraduate borrowers through September 30, 2017. A student must first exhaust Federal Direct Subsidized and Unsubsidized Stafford Loan eligibility. IHEs may continue to disburse Perkins Loans to current undergraduate borrowers through September 30, 2017. A student must first exhaust all Federal Direct Subsidized Stafford Loan eligibility. IHEs may continue to disburse Perkins Loans to certain graduate borrowers through September 30, 2016, to enable students to continue or complete an academic program. A student must have received a Perkins loan prior to October 1, 2015. The bill prohibits Perkins Loan disbursement beyond September 30, 2017. It also prohibits authorization of additional appropriations for the Federal Perkins Loan program beyond September 30, 2016. Beginning October 1, 2017, each participating IHE must pay to the Department of Education: (1) a portion of the federal share of the balance of its Perkins Loan funds; (2) a portion of the Perkins student loan payments, including principal and interest, received by the institution; and (3) a capital distribution from its Perkins Loan fund. (Sec. 3) The bill also expands disclosure requirements for IHEs that participate in the Federal Perkins Loan program. Specifically, prior to Perkins Loan disbursement, an IHE must provide notice and explanation to all borrowers regarding unavailability of future Perkins loans, limited Perkins loan repayment and forgiveness options, and Direct Loan consolidation options. Also, an IHE must provide notice and explanation to new and current undergraduate borrowers regarding a comparison of Perkins and Direct loan interest rates.

Congressional Research Service summary (Public Law), 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

Federal Perkins Loan Program Extension Act of 2015

Source: Congressional Research Service summary (Public Law)

AI explanation – may be wrong, check the official text

No AI explanation yet. It takes up to a minute to write and is then saved for everyone.

Limited to a few requests an hour per person.

The strongest published arguments

Arguments for (supporters)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Arguments against (opponents)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

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

Officials and money

Sponsor: Rep. Bishop, Mike [R-MI-8] · 17 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Mark Pocan (D-WI), Robert C. "Bobby" Scott (D-VA), Virginia Foxx (R-NC), Glenn Thompson (R-PA), Katherine M. Clark (D-MA), Mark DeSaulnier (D-CA), Glenn Grothman (R-WI), Elise M. Stefanik (R-NY), Janice D. Schakowsky (D-IL)

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.

Words on this page, explained (3)
Appropriation
Money a legislature sets aside by law for a specific purpose. Government agencies may spend public money only as it has been appropriated.
Authorization
A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong114-hr3594 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114