Sponsor: Rep. Chu, Judy D-CA
Cosponsors: 16 (0 R; 16 D)
NASFAA research & Coverage: This bill would reinstate subsidized loan eligibility for graduate and expert pupils.
H.R. 3353 – Parent PLUS Loan Improvement Act of 2019
Sponsor: Rep. Fudge, Marcia L. D-OH
Cosponsors: 15 (1 R; 14 D)
NASFAA Analysis & Coverage: This bill would expand income-contingent and repayment that is income-based eligibility to Parent PLUS loans.
S. 1845 – Whether It’s Sufficient For the Banking Institutions, It’s Adequate For Students Act
Sponsor: Sen. Merkley, Jeff D-OR
Cosponsors: 2 (0 R; 2 D)
NASFAA research & Coverage: This bill would allow pupils to refinance federal loans during the exact exact same rates of interest because the loans banking institutions get through the government that is federal. The interest that is refinanced will be fixed when it comes to amount of the mortgage.
H.R. 3257 – Education Loan Fairness Act
Sponsor: Rep. Bass, Karen D-CA
Cosponsors: 20 (0 R; 20 D)
NASFAA Analysis & Coverage: This bill would reform direct loan interest prices, loan payment, and loan forgiveness. It might set up a 10/10 Loan Repayment Plan for which monthly obligations could be set at 10percent of the borrower’s modified revenues beyond 150% regarding the poverty line. Continue reading