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113th Congress (1st) Vote 185 - To amend the Higher Education Act of 1965 to establish interest rates for new loans made on or after July 1, 2013, to direct the Secretary of Education to convene the Advisory Committee on Improving Postsecondary Education Data to conduct a study on improvements to postsecondary education transparency at the Federal level, and for other purposes.
7/24/2013, 6:39 PM
Vote Summary
HR 1911 - Bipartisan Student Loan Certainty Act of 2013
113th Congress (1st) Vote 185 is a Senate Vote on Bill HR 1911, Bipartisan Student Loan Certainty Act of 2013. HR 1911 was introduced on May 9, 2013 by 1 Sponsors and 5 Cosponsors.
Bipartisan Student Loan Certainty Act of 2013 - (Sec. 2) Amends title IV (Student Assistance) of the Higher Education Act of 1965 (HEA) to set the annual interest rate on Direct Stafford loans and Direct Unsubsidized Stafford loans issued to undergraduate students at the rate on high-yield 10-year Treasury notes plus 2.05%, but caps that rate at 8.25%.
Sets the annual interest rate on Direct Unsubsidized Stafford loans issued to graduate or professional students at the rate on high-yield 10-year Treasury notes plus 3.6%, but caps that rate at 9.5%.
Sets the annual interest rate on Direct PLUS loans at the rate on high-yield 10-year Treasury notes plus 4.6%, but caps that rate at 10.5%.
Limits the applicability of the preceding provisions to loans first disbursed on or after July 1, 2013.
Fixes the interest rate on Direct Stafford loans, Direct Unsubsidized Stafford loans, and Direct PLUS loans for the period of the loan.
Sets the annual interest rate on Direct Consolidation loans for which an application is received on or after July 1, 2013, at the weighted average of the interest rates on the loans consolidated, rounded to the nearest higher one-eighth of 1%.
(Sec. 3) Provides that the budgetary effects of this Act shall not be entered on specified PAYGO scorecards.
(Sec. 4) Directs the Comptroller General (GAO) to conduct a study and report to Congress on the actual cost to the federal government of carrying out the federal student loan programs authorized under title IV of the HEA.
The vote passed with a tally of 81 For, 18 Against, 0 Present, and 1 Not Voting. When broken down by party, there were 35 Democrats, 45 Republican, and 1 Independents voting For, 16 Democrats, 1 Republican, and 1 Independents voting Against, 0 Democrats, 0 Republican, and 0 Independents voting Present, and finally, 1 Democrats, 0 Republican, and 0 Independents Not Voting.
Voting For
Democrat
Republican
Independent
81
35
45
1
Voting Against
Democrat
Republican
Independent
18
16
1
1
Voting Present
Democrat
Republican
Independent
0
0
0
0
Not Voting
Democrat
Republican
Independent
1
1
0
0
Official Vote Question
On Passage of the Bill H.R. 1911 - To amend the Higher Education Act of 1965 to establish interest rates for new loans made on or after July 1, 2013, to direct the Secretary of Education to convene the Advisory Committee on Improving Postsecondary Education Data to conduct a study on improvements to postsecondary education transparency at the Federal level, and for other purposes.
Official Vote Result
Bill Passed (81-18, 3/5 majority required)
Comments
Senators' Votes on To amend the Higher Education Act of 1965 to establish interest rates for new loans made on or after July 1, 2013, to direct the Secretary of Education to convene the Advisory Committee on Improving Postsecondary Education Data to conduct a study on improvements to postsecondary education transparency at the Federal level, and for other purposes.
Voting Member of 113th Congress (1st) Vote 185

Elizabeth Warren

Mark R. Warner

Sheldon Whitehouse

Ron Wyden

Roger F. Wicker

David Vitter

Tom Udall

Mark Udall

Jon Tester

Patrick J. Toomey

John Thune

Brian Schatz

Tim Scott

Jeanne Shaheen
