Simplifying Student Loans Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Oct 11, 2019)
Simplifying Student Loans Act
This bill phases out existing repayment plans for federal student loans and replaces them with one fixed repayment plan and one income-based repayment plan.
Under current law, a borrower may choose among eight plans for student loan repayment, such as standard repayment, extended repayment, and income-contingent repayment.
The Department of Education must offer all borrowers a choice between the two new plans and allow borrowers of loans made prior to a date certain the option of continuing repayment under their original plan or electing to repay under one of the new plans.
What just happenedOct 11, 2019
Referred to the House Committee on Education and Labor.
Who’s behind it
- Introduced in HouseOct 11, 2019
- Oct 11, 2019IntroReferralH11100
Referred to the House Committee on Education and Labor.
Education and the Workforce Committee - Oct 11, 2019IntroReferralIntro-H
Introduced in House
- Oct 11, 2019IntroReferral1000
Introduced in House