Legislative Tracker: Loans & Repayment

Legislative Tracker: Loans & Repayment

With this web web page, you will discover proposals to enhance or alter the procedure in which pupils borrow and repay their loans.

For education loan and payment proposals through the past sessions of Congress, look at the Tracker that is legislative Archive Loans & Repayment.

*NEW* S. 3055 – Pupil Loan Repayment Freedom Act

Sponsor: Sen. Murkowski R-AK
Cosponsors: 2 (1D; 1R)
Introduced: 12/16/2019
NASFAA Overview & research: This bill would allow a student-based loan debtor 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-FL
Cosponsors: 0
Introduced: 12/03/2019
NASFAA Summary & research: This bill would prohibit gathering from the debtor during any time frame that the same debtor wouldn’t be needed to make a re re payment under an income-driven plan. Continue reading “Legislative Tracker: Loans & Repayment”