S. 2650 — Consolidation Student Loan Flexibility Act of 2002

Summary

Consolidation Student Loan Flexibility Act of 2002 - Amends the Higher Education Act of 1965 to allow student loan borrowers to choose a lender for loan consolidation. (Eliminates the requirement that: (1) the consolidation loan lender already hold an outstanding student loan of the borrower; or (2) the borrower certify to having sought and been unable to obtain a consolidation loan with income-sensitive repayment terms from any holders of the outstanding loans selected for consolidation.)

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Related Legislation

H.R. 3273Consolidation Student Loan Flexibility Act of 2001
2002-03-11Referred to the Subcommittee on 21st Century Competitiveness.
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Legislative Actions

2002-06-20
Introduced in Senate
2002-06-20
Sponsor introductory remarks on measure. (CR S5852-5853)
2002-06-20
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Consolidation Student Loan Flexibility Act of 2002

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