S. 4459
Referred to CommitteeStudent Debt Relief and College Affordability Act
Latest Action
Read twice and referred to the Committee on Finance.
6/23/2022 • Senate
Summary
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.
Introduced in Senate • 6/23/2022
Topics & Subjects
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Bill Journey
Originated in the Senate
Introduced
June 23, 2022
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law