US Congress Senate Bill 1002 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 11-0)
Status: Introduced on April 3 2019 - 25% progression, died in committee
Action: 2019-04-03 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]

Addresses repayment options, loan disclosures, and loan counseling for student loans. The bill revises requirements concerning repayment options for student loan borrowers. For instance, the bill terminates interest capitalization and origination fees for Federal Direct Loans, provides assistance to low-income borrowers or borrowers who are delinquent on loan payments, and replaces the existing income-based repayment plans with two new plans. Under the new plans, borrowers may choose (1) a fixed repayment plan with equal monthly payments paid over a period of 10 years, or (2) an income-based repayment plan with monthly payments equal to 10% percent of their income above the poverty level. The income-based plan is capped at 20 years of payments. The bill also revises requirements concerning student loan disclosures and student loan counseling for borrowers. For instance, the bill requires the Department of Education to maintain online counseling tools that provide borrowers with annual and exit student loan counseling.

Affordable Loans for Any Student Act

Sen. Jeff Merkley [D-OR]	Sen. Debbie Stabenow [D-MI]	Sen. Kirsten Gillibrand [D-NY]	Sen. Tammy Baldwin [D-WI]
Sen. Richard Blumenthal [D-CT]	Sen. Brian Schatz [D-HI]	Sen. Benjamin Cardin [D-MD]	Sen. Catherine Cortez Masto [D-NV]
Sen. Chris Van Hollen [D-MD]	Sen. Ron Wyden [D-OR]	Sen. Kamala Harris [D-CA]

Date	Chamber	Action
2019-04-03	Senate	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

HB2065 (Same As) 2019-04-03 - Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
SB1696 (Related) 2019-06-03 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
HB640 (Related) 2019-01-17 - Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
HB2728 (Related) 2019-05-14 - Referred to the House Committee on Education and Labor.
HB3674 (Related) 2019-07-10 - Referred to the House Committee on Education and Labor.
SB1489 (Related) 2019-05-15 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/1002/all-info
Text	https://www.congress.gov/116/bills/s1002/BILLS-116s1002is.pdf