HOUSE 1586117th CongressReferred to the House Committee on Education and Labor.
Student Loan Reform Act
- Last Action
- 3/3/2021
Actions
- 2021-03-03Referred to the House Committee on Education and Labor.
- 2021-03-03Introduced in House
- 2021-03-03Introduced in House
CRS Summary
As of 2021-03-03 (00)
Student Loan Reform Act
This bill requires the Department of Education to carry out a program that allows participating institutions of higher education (IHEs) to cosign certain Federal Direct Loans made to its enrolled students.
An IHE that participates in the program assumes the obligation to repay the outstanding balance of principal and interest due on the loan over 10 years if the borrower defaults on the loan.
Cosponsors (2)
- Michael San Nicolas (D-GU)
- Dan Crenshaw (R-TX)
Subjects
- Debt collection
- Government information and archives
- Government lending and loan guarantees
- Higher education
- Interest, dividends, interest rates
- School administration
- Student aid and college costs
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.