Student Debt Relief and College Affordability Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jun 23, 2022)
Student Debt Relief and College Affordability Act
This bill makes changes to the Federal Pell Grant program and addresses repayment options, loan disclosures, and loan counseling for student loans.
For example, the bill (1) directs the Department of Education (ED) to provide federal student loan forgiveness and cancellation for recipients of Pell Grants, (2) increases the maximum Pell Grant award, (3) terminates interest capitalization and origination fees for Federal Direct Loans, and (4) requires ED to maintain online counseling tools that provide borrowers with entrance and exit student loan counseling.
What just happenedJun 23, 2022
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateJun 23, 2022
- Jun 23, 2022IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jun 23, 2022IntroReferral10000
Introduced in Senate