Combating Predatory Lending in Higher Education Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Aug 27, 2021)
Combating Predatory Lending in Higher Education Act of 2021
This bill includes Direct PLUS Loans that are made to graduate students and parents on behalf of dependent students in an institution of higher education's (IHE's) cohort default rate. This rate is the percentage of an IHE's borrowers who enter repayment and default on certain student loans.
Further, the Department of Education must include this information in its annual report on cohort default rates.
What just happenedAug 27, 2021
Referred to the House Committee on Education and Labor.
Who’s behind it
- Introduced in HouseAug 27, 2021
- Aug 27, 2021IntroReferralH11100
Referred to the House Committee on Education and Labor.
Education and the Workforce Committee - Aug 27, 2021IntroReferralIntro-H
Introduced in House
- Aug 27, 2021IntroReferral1000
Introduced in House