In this post, you’ll find proposals to alter otherwise modify the processes in which people borrow and you will pay-off the fund

In this post, you’ll find proposals to alter otherwise modify the processes in which people borrow and you will pay-off the fund

*NEW* S.3658 – Resident Training Deferred Attract (REDI) Work

Recruit: Sen. Rosen [D-NV]
Cosponsors: 1 (0D; 1R)
Brought:
NASFAA Summation & Analysis: This bill would allow borrowers in a medical or dental residency program to have the interest and payments on their student loans deferred.

*NEW* H.R.6749 – Brush Slate using Cost Work off 2022

Sponsor: Rep. Ross [D-NC]
Cosponsors: 11 (11D; 0R)
Introduced:
NASFAA Summation & Analysis: This bill would remove the record of default title loans Dresden TN on a borrower’s credit history upon total repayment of the full amount due.

*NEW* H.R.6708 – Education loan Rescue Work

Sponsor: Rep. Gonzalez [D-TX]
Cosponsors: 0
Introduced:
NASFAA Summation & Analysis: This bill would require the Department of Education to forgive a maximum of $25,000 for Federal student loan borrowers. The forgiven amount would be tax free.

H.R.6466 – Education loan Rehabilitation and you can Credit rating Upgrade Act of 2022

Sponsor: Rep. Williams [D-GA]
Cosponsors: 18 (18D; 0R)
Introduced:
NASFAA Conclusion & Analysis: This bill would not only require the removal of the record of default from a borrower’s credit history report once they have rehabilitated their loans, but would require the removal of all adverse credit history related to the loan’s initial defaulted status.

H.Roentgen.6424 – Higher ED Operate

Sponsor: Rep. DeFazio [D-OR]
Cosponsors: 0
Introduced:
NASFAA Bottom line & Analysis: This bill would reform the current federal loan program through a multitude of programs, including, reinstating federal subsidized loans to borrowers in graduate and professional programs and allowing borrowers to discharge their federal loans if they file for bankruptcy. (more…)

Continue ReadingIn this post, you’ll find proposals to alter otherwise modify the processes in which people borrow and you will pay-off the fund