US Congress House Bill 4480 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 40-0)
Status: Introduced on April 10 2014 - 25% progression, died in committee
Action: 2014-06-13 - Referred to the Subcommittee on Higher Education and Workforce Training.
Pending: House Subcommittee on Higher Education and Workforce Training Committee
Text: Latest bill text (Introduced) [PDF]

Protecting Educational Loans for Underserved Students Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to establish criteria for the Secretary of Education to use in determining whether the credit history of applicants for William D. Ford Federal Direct PLUS loans renders them ineligible for such loans. (Federal Direct PLUS loans are provided to graduate or professional degree students and the parents of dependent undergraduate students.) Directs the Secretary to consider an applicant to have an adverse credit history on the basis of his or her credit report, absent a determination that the applicant has extenuating circumstances, if : (1) the applicant is 90 or more days delinquent on the repayment of a debt exceeding $2,000; or (2) during the three years before the credit report date, the applicant has been subject to a default determination, bankruptcy discharge, foreclosure, repossession, tax lien, wage garnishment, or write-off of a title IV debt. Requires applicants that have been subject to such actions to participate in loan counseling provided by the applicable institution of higher education before becoming eligible for Federal Direct PLUS loans. Prohibits the Secretary from: (1) denying a Federal Direct PLUS loan to an applicant for having debt that is unrelated to title IV loans and is in collection or has been charged off, provided the applicant participates in such loan counseling; or (2) using the applicant's lack of a credit history as a reason to deny a Federal Direct PLUS loan to such applicant. Requires the Secretary to retain a record of the Secretary's basis for determining that an applicant has extenuating circumstances that make the applicant eligible for a Federal Direct PLUS loan despite having an adverse credit history. Makes the Secretary's determination that an applicant does not have an adverse credit history effective for the two years following such determination.

Protecting Educational Loans for Underserved Students Act

Rep. Cedric Richmond [D-LA]	Rep. Karen Bass [D-CA]	Rep. Joyce Beatty [D-OH]	Rep. Sanford Bishop [D-GA]
Rep. Corrine Brown [D-FL]	Rep. G. Butterfield [D-NC]	Rep. Andre Carson [D-IN]	Rep. Donna Christensen [D-VI]
Rep. Yvette Clarke [D-NY]	Rep. Lacy Clay [D-MO]	Rep. Emanuel Cleaver [D-MO]	Rep. James Clyburn [D-SC]
Rep. John Conyers [D-MI]	Rep. Elijah Cummings [D-MD]	Rep. Danny Davis [D-IL]	Rep. Keith Ellison [D-MN]
Rep. Chaka Fattah [D-PA]	Rep. Marcia Fudge [D-OH]	Rep. Al Green [D-TX]	Rep. Alcee Hastings [D-FL]
Rep. Sheila Jackson-Lee [D-TX]	Rep. Hakeem Jeffries [D-NY]	Rep. Eddie Johnson [D-TX]	Rep. Henry Johnson [D-GA]
Rep. Robin Kelly [D-IL]	Rep. Barbara Lee [D-CA]	Rep. John Lewis [D-GA]	Rep. Gregory Meeks [D-NY]
Rep. Gwen Moore [D-WI]	Rep. Eleanor Norton [D-DC]	Rep. Donald Payne [D-NJ]	Rep. Charles Rangel [D-NY]
Rep. Bobby Rush [D-IL]	Rep. David Scott [D-GA]	Rep. Robert Scott [D-VA]	Rep. Terri Sewell [D-AL]
Rep. Bennie Thompson [D-MS]	Rep. Marc Veasey [D-TX]	Rep. Maxine Waters [D-CA]	Rep. Frederica Wilson [D-FL]

Date	Chamber	Action
2014-06-13	House	Referred to the Subcommittee on Higher Education and Workforce Training.
2014-04-10	House	Referred to the House Committee on Education and the Workforce.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/4480/all-info
Text	https://www.congress.gov/113/bills/hr4480/BILLS-113hr4480ih.pdf