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 a “borrower advocate” at the office 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, trying to resolve any complaints within the most useful interest associated with borrowers, and reporting complaints to a situation or accrediting agency if relevant. The borrower advocate will be in charge of posting a annual are accountable to ED that will summarize the complaints gotten from borrowers, like the quantity of complaints made.

H.R. 4607 – Not 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 allows borrowers that have full-time jobs as healthcare professionals and offer their solutions at a nonprofit, or public medical center or other nonprofit or general public healthcare facility to qualify for Public provider 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 update the goal of the PBO to incorporate prioritization to students and borrowers in decision-making procedures, making aid that is federal more effortlessly understandable to pupils and parents, handling costs, increasing effectiveness, increasing accountability of officials who administer operational facets 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 creation of the “borrower advocate” at the office 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, trying to resolve any complaints into the interest that is best for the borrowers, and reporting complaints to a situation or accrediting agency if applicable. The borrower advocate will be in charge of posting a report that is annual ED that could summarize the complaints gotten from borrowers, like 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 eradicate education loan interest capitalization after forbearance and during particular durations of deferment.

H.R. 4502 – providing 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 Summary & review: This bill would repeal area 1087e(q) of this advanced schooling Act, which will get rid of the requirement that students might only get Federal student education loans within a period framework add up to 150per cent regarding the posted duration of this system these are typically signed up for.

H.R. 4517 – Promoting Apprenticeships in public places Provider 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 the authorized apprenticeship system then completes 2 yrs of full-time employment 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 & research: The Clean Slated Through Consolidation Act allows borrowers that have defaulted on the figuratively speaking to possess that default taken out of their credit score when they get financing consolidation for the total amount.

H.R money key . 4396 – Clean Slated Through Repayment Act

Sponsor: Rep. Mucarsel-Powell D-FL
Cosponsors: 1 (1D; 0R)
Introduced: 09/19/2019
NASFAA Overview & research: The Clean Slated Through Repayment Act would eliminate the record of default for a debtor’s credit score upon total payment regarding 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 Overview & review: This bill allows faculty that is adjunct thought as a part-time faculty user whom shows for around 1 program at an organization of advanced schooling and it is perhaps maybe not used on a full-time foundation by virtually any manager, to be eligible for a 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 Public Service Loan Forgiveness Modernization Act would mandate the creation of an easily searchable database of most PSLF eligible companies, together with jobs under that company. The Act would additionally produce an ongoing process for an boss to electronically submit an official official certification type that could notify ED that they’re an employer that is qualified. In addition, the Act would need ED to give each debtor a yearly declaration which includes how many monthly obligations produced by the debtor, how many repayments that qualify for PSLF, plus the range monthly premiums the debtor has kept before they could submit an application for forgiveness.

H.R. 4310 – Public Provider Expansion Act

Sponsor: Rep. Boyle D-PA
Cosponsors: 0
Introduced: 09/12/2019
NASFAA Summary & research: people Service Expansion Act allows work in virtually any place at a nonprofit company to be counted as being a general general public solution work and qualified to receive general public solution loan forgiveness.

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