H.R. 3418 – Protecting Our pupils by Terminating Graduate Rates that include to Debt Act

Sponsor: Rep. Chu, Judy D-CA
Cosponsors: 16 (0 R; 16 D)
Introduced: 06/21/2019
NASFAA research & Coverage: This bill would reinstate loan that is subsidized for graduate and expert pupils.

H.R. 3353 – Parent PLUS Loan Improvement Act of 2019

Sponsor: Rep. Fudge, Marcia L. D-OH
Cosponsors: 15 (1 R; 14 D)
Introduced: 06/19/2019
NASFAA Analysis & Coverage: This bill would expand income-contingent and repayment that is income-based eligibility to Parent PLUS loans.

S. 1845 – Whether Or Not It’s Adequate For the Banking Institutions, It’s Adequate For Students Act

Sponsor: Sen. Merkley, Jeff D-OR
Cosponsors: 2 (0 R; 2 D)
Introduced: 06/13/2019
NASFAA research & Coverage: This bill would allow pupils to refinance federal loans during the exact exact same interest levels due to the fact loans banking institutions get through the government that is federal. The refinanced rate of interest could be fixed for the period of the mortgage.

H.R. 3257 – Education Loan Fairness Act

Sponsor: Rep. Bass, Karen D-CA
Cosponsors: 20 (0 R; 20 D)
Introduced: 06/13/2019
NASFAA research & Coverage: This bill would reform loan that moneykey is direct prices, loan payment, and loan forgiveness. It could establish a 10/10 Loan Repayment Arrange by which monthly premiums will be set at 10percent of a debtor’s modified revenues beyond 150% associated with poverty line. Borrowers can use to have as much as $45,520 of pupil financial obligation forgiven after decade of consecutive re re payments. This forgiven financial obligation would be excluded from taxable earnings. The bill would additionally cap loan that is direct prices at 3.4per cent. Continue reading →