PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on 21st Century Competitiveness.
Congressional Research Service
Version 00 · Introduced in House · May 17, 2004
Direct Loan Reward Act of 2004 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Secretary of Education to carry out a Direct Loan Reward Program to encourage institutions of higher education to participate in the student loan program under part D, Federal Perkins Loans.
Makes the amount of financial reward payment to an institution under this Act equal to 50 percent of the savings to the Federal Government generated by the institution's participation in such part D student loan program instead of its participation in the student loan program under the part B Federal Family Education Loan Program.
People & committees
Rep. Petri, Thomas E. [R-WI-6] · R–WI
Legislative record
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Referred to the Subcommittee on 21st Century Competitiveness.
Referred to the House Committee on Education and the Workforce.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Mar 23, 2026. Consult Congress.gov for the current record.
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Analyze H.R.4370 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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