H.R. 4670
Referred to CommitteeSimplifying Student Loans Act
Latest Action
Referred to the House Committee on Education and Labor.
10/11/2019 • House
Summary
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.
Introduced in House • 10/11/2019
Topics & Subjects
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Sponsor & Cosponsors (4)
Party Breakdown
Sponsor
Cosponsors (3)
Bill Journey
Originated in the House
Introduced
October 11, 2019
Referred to the House Committee on Education and Labor.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law