Referred to the House Committee on Education and the Workforce.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Sep 23, 1997
Student Loan Options Act - Amends the Higher Education Act of 1965 (HEA) to allow two-way consolidation of all of a student's Federal student assistance loans under either the Federal Family Education Loan Program (also known as Federal Stafford or guaranteed loans) or the Federal Direct Loan program. Reduces the amount of certain funds available for administrative expenses under the HEA student assistance program.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.
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