Affordable PLUS Repayment Options for Parents Act of 2025
- Last Action
- 2/27/2025
Actions
- 2025-02-27Referred to the House Committee on Education and Workforce.
- 2025-02-27Introduced in House
- 2025-02-27Introduced in House
CRS Summary
As of 2025-02-27 (00)
Affordable PLUS Repayment Options for Parents Act of 2025
This bill allows borrowers of Parent PLUS Loans to repay their loans under an income-contingent repayment (ICR) plan or an income-based repayment (IBR) plan.
Under current law, borrowers of Parent PLUS Loans are only eligible for the following repayment plans: the standard repayment plan, the graduated repayment plan, and the extended repayment plan. These borrowers are generally prohibited from repaying their loans under ICR or IBR plans. However, borrowers may become eligible for the ICR plan upon consolidation of their loans into a Direct Consolidation Loan. This bill removes these restrictions to allow a borrower of a Parent PLUS Loan to repay the loan under an ICR plan (even without consolidation) or an IBR plan.
The bill allows these expanded repayment options to be available to new and existing borrowers of Parent PLUS Loans.
Cosponsors (20)
- Alma Adams (D-NC)
- Janelle Bynum (D-OR)
- André Carson (D-IN)
- Danny Davis (D-IL)
- Lloyd Doggett (D-TX)
- Pramila Jayapal (D-WA)
- Julie Johnson (D-TX)
- Jennifer McClellan (D-VA)
- LaMonica McIver (D-NJ)
- Eleanor Norton (D-DC)
- Johnny Olszewski (D-MD)
- Delia Ramirez (D-IL)
- Janice Schakowsky (D-IL)
- Terri Sewell (D-AL)
- Melanie Stansbury (D-NM)
- Eric Swalwell (D-CA)
- Shri Thanedar (D-MI)
- Bennie Thompson (D-MS)
- Rashida Tlaib (D-MI)
- Suzan DelBene (D-WA)
Subjects
- Government lending and loan guarantees
- Student aid and college costs
- Wages and earnings
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.