Skip to content
Search events. View events.

House of Representatives Republican Caucus

Submit Events

Welcome to the Calendar. Please use the Help button to the right for any assistance while using the Calendar.

Click for help in using calendar displays. Print the contents of the current screen.

Advanced Search

(New Search)




Entry Details
Notify me if this event changes.Add this event to my personal calendar.Email this entry to a friend.
Go Back
[R91] Greater access to student loans
Start Date: 4/1/2013Start Time: 12:00 PM
End Date: 4/1/2013End Time: 12:00 PM
Entry Description

Greater access to student loans

STATEHOUSE — Senate Bill (SB) 532, sponsored by Rep. Bob Behning (R-Indianapolis), passed out of the Indiana House today with a vote of 71 - 24.  SB 532 permits the Indiana Secondary Market (ISM) for Education Loans, Inc. to become a direct lender of postsecondary education loans for purposes of attending both Indiana and non-Indiana postsecondary education schools.

"My focus is to continue giving Hoosier students the resources they need to compete and address the skills gap through advanced education,” said Rep. Behning. “With private markets limiting the amount of low interest loans granted to students, it is imperative that we provide a way for students to have a smarter and more cost efficient option for postsecondary education loans."

Currently, ISM does not have clear ability in its legislative charter or articles of incorporation to permit it to be a direct originator of postsecondary education loans.

SB 532 will provide Hoosiers with a source of direct lending to fill the financial gap created by the federal student loan and grant restrictions.  This will help shift cost for students who are experiencing increased borrowing costs and higher tuition levels. 

SB 532 was authored by Sen. Doug Eckerty (R-Yorktown) and cosponsored in the House by Reps. Tom Dermody (R-LaPorte) and Gail Riecken (D-Evansville).

“We cannot allow our state to fall behind academically due to the potential financial strain of higher education. Allowing every student the opportunity to continue their education is vital to providing these students with the proper skills needed to acquire many high-quality jobs, as well as continuing to grow Indiana’s economy,” said Rep. Behning. 

Contact Information:
Name: Michael Niland
Phone: 317-232-9805
Attachments For This Entry:
    > Greater access to student loans
Entry Type:
Press Release
Entry Category:
  • Announcements
  • Category:
  • Government
  • Agency Name
    House of Representatives Republican Caucus

    Calendar Software powered by Active Calendar and Active Data Calendar   
    Select item(s) to Search

    Select item(s) to Search
    Select item(s) to Search

    Select item(s) to Search