Bill117th CongressFiled Mar 3, 2021Education
H.R. 1586
Student Loan Reform Act
Bill journey · stage 2 of 5
Under committee review
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Became LawLaw
What it doesSummary introduced in house (Mar 3, 2021)
Student Loan Reform Act
This bill requires the Department of Education to carry out a program that allows participating institutions of higher education (IHEs) to cosign certain Federal Direct Loans made to its enrolled students.
An IHE that participates in the program assumes the obligation to repay the outstanding balance of principal and interest due on the loan over 10 years if the borrower defaults on the loan.
What just happenedMar 3, 2021
Referred to the House Committee on Education and Labor.
Who’s behind it
Rep. Perry, Scott [R-PA-10](R-PA)Sponsor
2 cosponsors1 D1 R
2cosponsors1committees3actions7subjects
- Introduced in HouseMar 3, 2021
- Mar 3, 2021IntroReferralH11100
Referred to the House Committee on Education and Labor.
Education and the Workforce Committee - Mar 3, 2021IntroReferralIntro-H
Introduced in House
- Mar 3, 2021IntroReferral1000
Introduced in House