H.R. 4627 – Pupil Borrower Advocate Act

Sponsor: Rep. Scanlon D-PA
Cosponsors: 1 (1D; 0R)
Introduced: 10/08/2019
NASFAA Overview & research: This bill would mandate the creation of a “borrower advocate” at work of this PBO whoever function would be to offer prompt assist with federal loan borrowers by giving an answer to and reviewing their complaints about federal loans, attempting to resolve any complaints into the most readily useful interest associated with borrowers, and reporting complaints to circumstances or accrediting agency if relevant. The debtor advocate is in charge of posting a report that is annual ED that could summarize the complaints gotten from borrowers, like the wide range of complaints made.

H.R. 4607 – Not en titled at the time of 11/13

Sponsor: Rep. Harder D-CA
Cosponsors: 4 (2D; 2R)
Introduced: 10/04/2019
NASFAA Overview & review: This bill will allow borrowers who possess full-time jobs as medical care professionals and offer their solutions at a nonprofit, or hospital that is public other nonprofit or general public medical care center to qualify for Public provider Loan Forgiveness.

H.R. 4596 – Education Loan Advocacy Act

Sponsor: Rep. Omar D-MN
Cosponsors: 1 (1D; 0R)
Introduced: 10/01/2019
NASFAA Overview & research: This bill would upgrade the purpose of the PBO to incorporate prioritization to pupils and borrowers in decision-making procedures, making federal help programs more easily understandable to pupils and parents, managing costs, increasing efficiency, increasing accountability of officials who administer functional aspects of federal programs, and increasing oversight of schools. To make certain these improvements occur, https://speedyloan.net/installment-loans-mi the secretary of education could be accountable for applying accountability and oversight measures to ensure the newly-defined function is achieved. This bill would additionally mandate the development of a “borrower advocate” at work of the PBO whoever function is always to offer timely assist with federal loan borrowers by giving an answer to and reviewing their complaints about federal loans, trying to resolve any complaints when you look at the interest that is best of this borrowers, and reporting complaints to a situation or accrediting agency if relevant. The debtor advocate will be in charge of posting a report that is annual ED that will summarize the complaints gotten from borrowers, such as the wide range of complaints made.

H.R. 4590 – End Capitalization for Struggling Borrowers Act

Sponsor: Rep. Davis D-IL
Cosponsors: 2 (2D; 0R)
Introduced: 10/01/2019
NASFAA Summary & research: This bill would eradicate education loan interest capitalization after forbearance and during particular durations of deferment.

H.R. 4502 – Offering Relief And Dollars to Undergraduates for Adequate Time for Education Act

Sponsor: Rep. Casten D-IL
Cosponsors: 3 (3D; 0R)
Introduced: 09/26/2019
NASFAA Overview & review: This bill would repeal area 1087e(q) associated with advanced schooling Act, which may eradicate the requirement that pupils might only receive Federal figuratively speaking within an occasion frame add up to 150percent associated with the posted duration of this program these are typically enrolled in.

H.R. 4517 – Promoting Apprenticeships in public places Provider Act

Sponsor: Rep. Cicilline D-RI
Cosponsors: 3 (3D; 0R)
Introduced: 09/26/2019
NASFAA Overview & research: This legislation would direct the Secretary of Education to cancel or repay as much as $25,000 in loans for almost any debtor that received a certification from the authorized apprenticeship system then completes 2 yrs of full-time work at a qualifying public service task.

H.R. 4395 – Clean Slated Through Consol Sponsor: Rep. Stevens D-MI
Cosponsors: 1 (1D; 0R)
Introduced: 09/19/2019
NASFAA Overview & review: The Clean Slated Through Consolidation Act will allow borrowers who possess defaulted on the student education loans to possess that default taken off their credit score when they get that loan consolidation for the total amount.

H.R. 4396 – Clean Slated Through Repayment Act

Sponsor: Rep. Mucarsel-Powell D-FL
Cosponsors: 1 (1D; 0R)
Introduced: 09/19/2019
NASFAA Overview & review: The Clean Slated Through Repayment Act would take away the record of standard on a debtor’s credit score upon total payment regarding the amount that is full.

S. 2523 – Adjunct Faculty Loan Fairness Act of 2019

Sponsor: Sen. Durbin D-IL
Cosponsors: 3 (3D; 0R)
Introduced: 09/19/2019
NASFAA Summary & review: This bill will allow faculty that is adjunct understood to be a part-time faculty user whom shows for around 1 program at an organization of higher education and it is maybe not employed on a full-time foundation by virtually any company, to be eligible for general public solution loan forgiveness.

H.R. 4391 – Public Provider Loan Forgiveness Modernization Act

Sponsor: Rep. Panetta D-CA
Cosponsors: 8 (8D; 0R)
Introduced: 09/18/2019
NASFAA Overview & research: people provider Loan Forgiveness Modernization Act would mandate the development of an effortlessly searchable database of most PSLF eligible companies, plus the jobs under that company. The Act would also produce an activity for the boss to electronically submit an official official certification type that could inform ED that they’re an employer that is qualified. In addition, the Act would need ED to produce each debtor a yearly declaration which includes how many monthly obligations created by the debtor, how many repayments that qualify for PSLF, therefore the wide range of monthly premiums the borrower has left before they are able to make an application for forgiveness.

H.R. 4310 – Public Service Expansion Act

Sponsor: Rep. Boyle D-PA
Cosponsors: 0
Introduced: 09/12/2019
NASFAA Overview & review: the general public Service Expansion Act will allow work in every place at an organization that is nonprofit be counted as being general public solution work and qualified to receive general general public solution loan forgiveness.

Leave a Reply

Your email address will not be published. Required fields are marked *