US SB3055 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on December 16 2019 - 25% progression, died in committee
Action: 2019-12-16 - 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]
Status: Introduced on December 16 2019 - 25% progression, died in committee
Action: 2019-12-16 - 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]
Summary
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.
Title
Student Loan Repayment Freedom Act
Sponsors
| Sen. Lisa Murkowski [R-AK] | Sen. Jack Reed [D-RI] | Sen. James Lankford [R-OK] | Sen. Mike Braun [R-IN] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-12-16 | Senate | Read twice and referred to the Committee on Health, Education, Labor, and Pensions. |
Subjects
Education
Government lending and loan guarantees
Higher education
Student aid and college costs
Wages and earnings
Government lending and loan guarantees
Higher education
Student aid and college costs
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/3055/all-info |
| Text | https://www.congress.gov/116/bills/s3055/BILLS-116s3055is.pdf |
