Mentor: Sen. Murkowski [R-AK]
Cosponsors: 4
Brought:
NASFAA Summary & Studies: This bill would eliminate penalties and deterrents that prevent institutions from informing students about student loans offered by non-profit state agency lenders.
S.2976 – Student loan Cost Freedom Act
Sponsor: Sen. Murkowski [R-AK]
Cosponsors: 2
Introduced:
NASFAA Summation & Analysis: This bill would allow borrowers to switch between different repayment plans based on their situation without first being put into a forbearance or standard repayment plan while the transfer is made.
H.R.5126 – Fighting Predatory Credit in Advanced schooling Act off 2021
Sponsor: Rep. Van Duyne [R-TX]
Cosponsors: 0
Introduced:
NASFAA Summation & Analysis: This bill would now include PLUS loans made to graduate students and parents in the calculation for an institution’s Cohort Default Rate (CDR) so that any default in these loans is now included in the calculation.
H.R.5084 – Student loan Refinancing Work
Sponsor: Rep. Turner [R-OH]
Cosponsors: 1 (1D; 0R)
Introduced:
NASFAA Conclusion & Analysis: After completing an application for refinancing for an eligible federal student loan, the borrower would be able to refinance their loan’s interest rate to the interest rate for current new borrowers at the same time of the application. Read More