H.R. 4627 – Pupil Borrower Advocate Act

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 development of the “borrower advocate” at work associated with the PBO whoever function is always to offer prompt assist with federal loan borrowers by giving an answer to and reviewing their complaints about federal loans, trying to resolve any complaints within the most useful interest of this borrowers, and reporting complaints to a situation or accrediting agency if relevant. The debtor advocate could be accountable for posting a yearly are accountable to ED that will summarize the complaints gotten from borrowers, like the wide range of complaints made.

H.R. 4607 – Not en 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 that have full-time jobs as medical care professionals and supply their solutions at a nonprofit, or general public medical center or other nonprofit or general general general public medical care facility to be eligible for Public Service 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 objective of the PBO to add prioritization to pupils and borrowers in decision-making procedures, making federal help programs more effortlessly understandable to pupils and parents, handling costs, increasing effectiveness, increasing accountability of officials who administer functional components of federal programs, and increasing oversight of schools. The secretary of education would be responsible for implementing accountability and oversight measures to make sure the newly-defined purpose is accomplished to ensure these improvements take place. This bill would additionally mandate the development of the “borrower advocate” at work regarding the PBO whoever function is always 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 when you look at the interest that is best of this borrowers, and reporting complaints to a situation or accrediting agency if relevant. The borrower advocate is in charge of posting a yearly are accountable to ED that could 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 Overview & research: This bill would expel education loan interest capitalization after forbearance and during specific 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) of this advanced schooling Act, which will eradicate the requirement that pupils might only get Federal student education loans within a period framework add up to 150percent associated with the posted duration of this program they’ve been signed up for.

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

Sponsor: Rep. Cicilline D-RI
Cosponsors: 3 (3D; 0R)
Introduced: 09/26/2019
NASFAA Overview & review: 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 a authorized apprenticeship system after which completes 2 yrs of full-time work at a qualifying public solution task.

H.R. 4395 – Clean Slated Through Consol Sponsor: Rep. Stevens D-MI
Cosponsors: 1 (1D; 0R)
Introduced: 09/19/2019
NASFAA Overview & online installment loans ma 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 rating when they get financing consolidation for the quantity.

H.R. 4396 – Clean Slated Through Repayment Act

Sponsor: Rep. Mucarsel-Powell D-FL
Cosponsors: 1 (1D; 0R)
Introduced: 09/19/2019
NASFAA Summary & research: The Clean Slated Through Repayment Act would get rid of the record of standard on a debtor’s credit score upon total payment associated with the complete quantity due.

S. 2523 – Adjunct Faculty Loan Fairness Act of 2019

Sponsor: Sen. Durbin D-IL
Cosponsors: 3 (3D; 0R)
Introduced: 09/19/2019
NASFAA Summary & research: This bill will allow adjunct faculty, understood to be a part-time faculty user whom shows for around 1 program at an organization of degree and it is perhaps not used on a full-time basis by just about any company, to be eligible for general general 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: the general public provider Loan Forgiveness Modernization Act would mandate the development of an easily searchable database of most PSLF eligible employers, plus the roles under that manager. The Act would also produce an activity for the manager to electronically submit an official official certification kind that will inform ED that they’re a qualified manager. In addition, the Act would need ED to produce each debtor a yearly declaration that features the amount of monthly obligations created by the debtor, the amount of repayments that qualify for PSLF, plus the wide range of monthly premiums the debtor has kept before they are able to submit an application for forgiveness.

H.R. 4310 – Public Provider Expansion Act

Sponsor: Rep. Boyle D-PA
Cosponsors: 0
Introduced: 09/12/2019
NASFAA Overview & research: the general public provider Expansion Act will allow work in almost any place at a nonprofit organization to be counted as general public solution work and eligible for general public solution loan forgiveness.