S. 3055
Referred to CommitteeStudent Loan Repayment Freedom Act
Latest Action
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
12/16/2019 • Senate
Summary
Student Loan Repayment Freedom Act
This bill authorizes a federal student loan borrower to terminate repayment under an income-based repayment plan and instead elect to repay such loan under any other repayment plan for which they are eligible.
Currently, a federal student loan borrower repaying under an income-based repayment plan may only change to the standard repayment plan.
Introduced in Senate • 12/16/2019
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (4)
Party Breakdown
Sponsor
Cosponsors (3)
Bill Journey
Originated in the Senate
Introduced
December 16, 2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law