Combating Predatory Lending in Higher Education Act of 2023
- Last Action
- 5/17/2023
Actions
- 2023-05-17Referred to the House Committee on Education and the Workforce.
- 2023-05-17Introduced in House
- 2023-05-17Introduced in House
CRS Summary
As of 2023-05-17 (00)
Combating Predatory Lending in Higher Education Act of 2023
This bill includes Direct PLUS Loans that are made to graduate students and parents on behalf of dependent students in an institution of higher education's (IHE's) cohort default rate. This rate is the percentage of an IHE's borrowers who enter repayment and default on certain student loans.
Further, the Department of Education must include this information in its annual report on cohort default rates.
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.