In this post, you’ll find proposals to switch or customize the process whereby college students obtain and you can pay back its loans

In this post, you’ll find proposals to switch or customize the process whereby college students obtain and you can pay back its loans

*NEW* S.3658 – Resident Education Deferred Attract (REDI) Work

Mentor: Sen. Rosen [D-NV]
Cosponsors: 1 (0D; 1R)
Lead:
NASFAA Bottom line & Analysis: This bill would allow borrowers in a medical or dental residency program to have payday loans Bastrop LA the interest and payments on their student loans deferred.

*NEW* H.R.6749 – Clean Slate due to Fees Work from 2022

Sponsor: Rep. Ross [D-NC]
Cosponsors: 11 (11D; 0R)
Introduced:
NASFAA Conclusion & Analysis: This bill would remove the record of default on a borrower’s credit history upon total repayment of the full amount due.

*NEW* H.R.6708 – Student loan Relief Operate

Sponsor: Rep. Gonzalez [D-TX]
Cosponsors: 0
Introduced:
NASFAA Conclusion & Analysis: This bill would require the Department of Education to forgive a maximum of $25,000 for Federal student loan borrowers. The forgiven amount would be tax free.

H.R.6466 – Student loan Rehab and you may Credit score Upgrade Act of 2022

Sponsor: Rep. Williams [D-GA]
Cosponsors: 18 (18D; 0R)
Introduced:
NASFAA Realization & Analysis: This bill would not only require the removal of the record of default from a borrower’s credit history report once they have rehabilitated their loans, but would require the removal of all adverse credit history related to the loan’s initial defaulted status.

H.R.6424 – High ED Act

Sponsor: Rep. DeFazio [D-OR]
Cosponsors: 0
Introduced:
NASFAA Summation & Analysis: This bill would reform the current federal loan program through a multitude of programs, including, reinstating federal subsidized loans to borrowers in graduate and professional programs and allowing borrowers to discharge their federal loans if they file for bankruptcy. „In this post, you’ll find proposals to switch or customize the process whereby college students obtain and you can pay back its loans“ weiterlesen