H.R. 3096 – Strengthening Loan Forgiveness for Public Servants Act

H.R. 3096 – Strengthening Loan Forgiveness for Public Servants Act

H.R. 3095 – Understand Your Repayment Alternatives Act

Sponsor: Rep. Swalwell, Eric D-CA
Cosponsors: 5 (0 R; 5 D)
Introduced: 06/04/2019
NASFAA review & Coverage: This bill would need that each and every pupil debtor get a repayment guide that is individualized.

S. 1696 – Student Loan Tax Elimination Act

Sponsor: Sen. Braun, Mike R-IN
Cosponsors: 5 (2 R; 3 D)
Introduced: 06/03/2019
NASFAA review & Coverage: This bill would eradicate origination charges on student education loans.

S. 1175 – PSLF Technical Corrections Act of 2019

Sponsor: Sen. Whitehouse, Sheldon (D-RI)
Cosponsors: 1 (0 R; 1 D)
Introduced: 04/11/2019
NASFAA research & Coverage: The bill seeks to increase PSLF eligibility to borrowers who’ve already spent as much as a decade toward making 120 payments that are on-time was unaware that the re payment plan by which they enrolled had not been sanctioned for forgiveness.

S. 1163 – Veterinary Medicine Loan Repayment Program Enhancement Act

Sponsor: Sen. Crapo, Mike (R-ID)
Cosponsors: 10 (3 R; 6 D; 1 I)
Introduced: 04/11/2019
NASFAA review & Coverage: This bill would exempt Veterinary Medicine Loan Repayment system (VMLRP) awards from withholding taxes.

H.R. 2186 – Education Loan Refinancing Act

Sponsor: Rep. Pocan (D-WI)
Cosponsors: 30 (0 R; 29 D)
Introduced: 04/09/2019
NASFAA review & Coverage: The scholar Loan Refinancing Act will allow any debtor of Federal Direct Loans including Subsidized, Unsubsidized and PLUS loans, to refinance their federal loan interest to regardless of the award year interest rate that is current. A debtor might have the attention price refinanced whenever you want throughout the life of loan without any restriction, other than that loan can simply once be refinanced every 6 months.

H.R. 2065 – Affordable Loans for just about any Student Act

Sponsor: Rep. DeLauro, Rosa L. (D-CT)
Cosponsors: 0 (0 R; 0 D)
Introduced: 04/03/2019
S. 1002
Sponsor: Sen. Merkley, Jeff (D-OR)
Cosponsors: 9 (0 R; 9 D)
Introduced: 04/03/2019
NASFAA review & Coverage: The bill tackles several dilemmas associated to education loan affordability, complexity, and customer information. The balance would end federal loan origination charges and also the training of great interest capitalization along with reduce steadily the range payment intends to two: an income-based payment plan, which will now be accessible to Parent PLUS borrowers, and a set 10-year plan. The Affordable Loans for Any scholar Act would also simplify the method to sign up in either payment plan.

H.R. 1707 – Bank on Students Emergency Loan Refinancing

Sponsor: Rep. Courtney (D-CT)
Co-Sponsors: 67 (0 R; 67 D)
Introduced: 03/13/2019
S. 768
Sponsor: Sen. Warren (D-MA)
Co-Sponsors: 34 (1 we, 33 D)
Introduced: 03/13/2019
NASFAA research & Coverage: This bill allows borrowers whom meet earnings requirement with Federal Direct Loans, including Parent PLUS and Consolidation Loans, in addition to borrowers with FFEL Program Loans to refinance their present loan balances beneath the rate of interest relevant with their loan key in 2016-2017. The brand new refinanced price would be fixed for the remainder lifetime of this loan(s) and will never lengthen the payment time period regarding the loan. The balance would additionally enable qualified borrowers to refinance loans that are private the Department of Education.

H.R. 1798 – Student and Families Empowerment Act

Sponsor: Rep. Rice (D-NY)
Co-Sponsors: 0 (0 R; 0 D)
Introduced: 03/14/2019
NASFAA research & Coverage: This bill would expand the grace that is current period of time for education loan borrowers. The grace period would be extended from 6 months to 12 months and interest would not accrue for the new 12-month period as well for all Federal Direct Loan programs. The bill would additionally provide for an enhance of this education loan interest deduction for taxation filing purposes.

H.R. 1685 – Physician Assistant Degree Modernization Act

Sponsor: Rep. Bass (D-CA)
Co-Sponsors: 0 (0 R; 0 D)
Introduced: 03/12/2019
NASFAA research & Coverage: This bill would boost the unsubsidized loan limitation for graduate pupils in doctor assistant (PA) programs, authorize loan forgiveness programs for PAs who provide in regions of nationwide need, develop a course to expand PA education programs at rural organizations, make Historically Ebony Colleges & Universities eligible to get extra funds and provide https://speedyloan.net/reviews/moneykey give preference to programs at Hispanic Serving Institutions, while increasing grant funding possibilities for PA faculty development and technology at PA programs.

H.R. 1571 – Debt-Free university Act of 2019

Sponsor: Rep. Pocan (D-WI)
Co-Sponsors: 32 (0 R; 32 D)
Introduced: 03/06/2019
S. 672
Sponsor: Sen. Schatz (D-HI)
Co-Sponsors: 9 (0 R; 9 D)
Introduced: 03/06/2019
NASFAA research & Coverage: This bill would produce a State-Federal partnership system that aims to offer a debt-free college experience. This system would produce dedication to pay for staying unmet monetary dependence on qualified pupils. To meet the requirements pupils will have to be enrolled at a qualified organization in hawaii they live, complete the FAFSA and fulfill SAP needs. This bill would authorize $84 billion to produce the partnership system. In addition, the Debt-Free College Act would offer complete Title IV eligibility for Dreamer students and repeal the suspension system of Title IV aid for pupils with drug-related offenses.

H.R. 1554 – REDI (Resident Education Deferred Interest) Act

Sponsor: Rep. Babin (R-TX)
Co-Sponsors: 9 (6 R; 3 D)
Introduced: 03/06/2019
NASFAA research & Coverage: The REDI Act allows borrowers in a medical or residency that is dental to really have the interest and payments on the student education loans deferred.

H.R. 1043 – Employer Participation in Repayment Act of 2019

Sponsor: Rep. Peters (D-CA)
Co-Sponsors: 114 (34 R; 80 D)
Introduced: 02/07/2019
NASFAA research & Coverage: This bill would expand employer-provided academic assistance programs to add student loan repayment assistance that is employer-provided. The bill will allow companies to provide up to $5,250 per in student loan repayment assistance to their employees year. This quantity will be excluded through the employee’s income that is taxable.

H.R. 885 – Private Education Loan Bankruptcy Fairness Act

Sponsor: Rep. Cohen (D-TN)
Co-Sponsors: 13 (0 R; 13 D)
Introduced: 01/30/2019
NASFAA research & Coverage: This bill will allow student that is private to be released in bankruptcy.

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