About this web page, you will discover proposals to enhance or alter the procedure through which pupils borrow and repay their loans.
For education loan and payment proposals through the past sessions of Congress, go to the Tracker that is legislative Archive Loans & Repayment.
*NEW* S. 3055 – Pupil Loan Repayment Freedom Act
Sponsor: Sen. Murkowski R-AKCosponsors: 2 (1D; 1R)Introduced: 12/16/2019NASFAA Overview & review: This bill would allow a student-based loan borrower to go out of their income-based payment plan and repay under some other loan payment policy for that they meet the criteria.
*NEW* H.R. 5287 — Fair Education Loan Debt Collection Techniques Act
Sponsor: Rep. Lawson D-FLCosponsors: 0Introduced: 12/03/2019NASFAA Summary & research: This bill would prohibit gathering from a debtor during any time period that the same debtor wouldn’t be necessary to produce a re payment under a plan that is income-driven. Loan companies would additionally be forbidden from gathering from the debtor a sum this is certainly a lot more than a comparable debtor would have compensated in one single thirty days under an IDR plan. Continua a leggere