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Legislative Tracker: Loans & Repayment

Legislative Tracker: Loans & Repayment

With this web web page, you will find proposals to boost or alter the method 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 keep their income-based payment plan and repay under any kind of loan payment arrange for that they meet the criteria.

*NEW* H.R. 5287 — Fair Education Loan Debt Collection Tactics Act

Sponsor: Rep. Lawson D-FL
Cosponsors: 0
Introduced: 12/03/2019
NASFAA Summary & Analysis: This bill would prohibit gathering from a debtor during any time frame that the same debtor wouldn’t be needed to make a re payment under a plan that is income-driven. Read More…