Ensure Responsible Borrowing Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jun 14, 2016)
Ensure Responsible Borrowing Act
This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to modify loan counseling requirements for an institution of higher education (IHE) that participates in federal student aid programs.
Currently, an IHE must provide one-time entrance counseling to a student who is a first-time Direct Loan (DL) program borrower. This bill allows an IHE to require any student DL program borrower to complete additional counseling on the terms, conditions, and responsibilities of a loan at or prior to its disbursement.
Additionally, it requires an IHE to ensure that student and parent DL program borrowers annually accept a loan affirmatively prior to the first disbursement of such loan.
What just happenedSep 19, 2016
Referred to the Subcommittee on Higher Education and Workforce Training.
Who’s behind it
- Introduced in HouseJun 14, 2016
- Sep 19, 2016Committee
Referred to the Subcommittee on Higher Education and Workforce Training.
Higher Education and Workforce Development Subcomittee - Jun 14, 2016IntroReferralH11100
Referred to the House Committee on Education and the Workforce.
Education and the Workforce Committee - Jun 14, 2016IntroReferralIntro-H
Introduced in House
- Jun 14, 2016IntroReferral1000
Introduced in House