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 research & Coverage: This bill would need that each and every student debtor get an individualized payment guide.

S. 1696 – Student Loan Tax Elimination Act

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

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 balance seeks to increase PSLF eligibility to borrowers that have currently spent as much as a decade toward making 120 payments that are on-time might have been unaware that the re re re payment plan for 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 Student Loan Refinancing Act will allow any debtor of Federal Direct Loans including Subsidized, Unsubsidized and PLUS loans, to refinance their federal loan rate of interest to regardless of the award year interest rate that is current. A borrower might have the attention price refinanced whenever you want through the lifetime of loan without any limitation, other than a loan can just only be refinanced as soon as every half a year.

H.R. 2065 – Affordable Loans for just about any Scholar 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 balance tackles a few dilemmas associated to student loan affordability, complexity, and customer information. The bill would end federal loan origination costs and also the training of great interest capitalization in addition to lessen the amount of payment intends to two: an income-based repayment plan, which will now be accessible to Parent PLUS borrowers, and a hard and fast plan that is 10-year. The Affordable Loans for Any scholar Act would additionally simplify the method to enroll in a choice of 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 will allow 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 for their loan key in 2016-2017. The brand new rate that is refinanced be fixed for the remainder lifetime regarding the loan(s) and will never lengthen the payment period of time for the loan. The bill would additionally enable qualified borrowers to refinance loans that are private the Department of Education.

H.R. 1798 – Pupil and Families Empowerment Act

Sponsor: Rep. Rice (D-NY)
Co-Sponsors: 0 (0 R; 0 D)
Introduced: 03/14/2019
NASFAA review & Coverage: This bill would expand the present elegance duration timeframe for education loan borrowers. For many Federal Direct Loan programs, the elegance period could be extended from a few months to one year and interest will never accrue for the brand new 12-month duration aswell. The balance would allow for an also enhance associated with 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 restriction for graduate pupils in doctor assistant (PA) programs, authorize loan forgiveness programs for PAs whom provide in aspects of nationwide need, develop a course to grow PA education programs at rural organizations, make Historically Black Colleges & Universities eligible to get extra funds and present 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 provide a college experience that is debt-free. The program would produce a consignment to pay for remaining unmet monetary importance of qualified students. To meet the requirements pupils would have to be enrolled at a eligible organization in hawaii they live, complete the FAFSA and meet SAP demands. This bill would authorize $84 billion to generate the partnership system. In addition, the Debt-Free College Act would offer full Title IV eligibility for Dreamer students and repeal the suspension system of Title IV help 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 review & Coverage: The REDI Act will allow borrowers in a medical or dental residency system to really have the interest and re re payments on the figuratively speaking 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 employer-provided education loan repayment help. The balance will allow employers to supply up to $5,250 per 12 months in education loan payment assist with their workers. 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.