To amend the Higher Education Act of 1965 to provide student loan borrowers with a choice of lender for loan consolidation.

November 9, 2001

Mr. REGULA (for himself, Mr. HOEKSTRA, and Mr. CUNNINGHAM) introduced the following bill; which was referred to the Committee on Education and the Workforce

To amend the Higher Education Act of 1965 to provide student loan borrowers with a choice of lender for loan consolidation.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `Consolidation Student Loan Flexibility Act of 2001'.

SEC. 2. STUDENT LOAN BORROWER CHOICE OF LOAN CONSOLIDATOR.

Section 428C(b)(1)(1)(A) of the Higher Education Act of 1965 (20 U.S.C. 1078-3(b)(1)(A)) is amended by striking `and (i) the lender holds' and all that follows through `selected for consolidation)'.

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