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 the “borrower advocate” at work for 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, attempting to resolve any complaints when you look at the most readily useful interest for the borrowers, and reporting complaints to circumstances or accrediting agency if relevant. The debtor advocate will be accountable for posting a report that is annual ED that could summarize the complaints gotten from borrowers, such as the amount of complaints made.

H.R. 4607 - Not en 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 who possess full-time jobs as medical care professionals and supply their solutions at a nonprofit, or hospital that is public other nonprofit or public medical care center to qualify for Public provider Loan Forgiveness.

H.R. 4596 - Student Loan Advocacy Act

Sponsor: Rep. Omar D-MN
Cosponsors: 1 (1D; 0R)
Introduced: 10/01/2019
NASFAA Overview & research: This bill would upgrade the purpose of the PBO to add prioritization to pupils and borrowers in decision-making procedures, making aid that is federal more easily understandable to pupils and parents, handling costs, increasing effectiveness, increasing accountability of officials who administer functional facets of federal programs, and increasing oversight of schools. To make certain these improvements happen, the assistant of training is accountable for applying accountability and oversight measures to be sure the newly-defined function is achieved. This bill would additionally mandate the creation of the “borrower advocate” at work for the PBO whoever function https://speedyloan.net/reviews/cashcall is to offer prompt help federal loan borrowers by giving an answer to and reviewing their complaints about federal loans, attempting to resolve any complaints within the interest that is best regarding the borrowers, and reporting complaints to a situation or accrediting agency if relevant. The debtor advocate could be in charge of posting a yearly are accountable to ED that could summarize the complaints gotten from borrowers, like the quantity 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 expel education loan interest capitalization after forbearance and during specific durations of deferment.

H.R. 4502 - Offering 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 part 1087e(q) for the advanced schooling Act, which may eradicate the requirement that pupils might only get Federal figuratively speaking within an occasion framework corresponding to 150percent regarding the posted duration of this system these are generally signed up for.

H.R. 4517 - Promoting Apprenticeships in public areas 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 just about any debtor that received a certification from the authorized apprenticeship program then completes 2 yrs of full-time work at a qualifying public solution work.

H.R. 4395 - Clean Slated Through Consol Sponsor: Rep. Stevens D-MI
Cosponsors: 1 (1D; 0R)
Introduced: 09/19/2019
NASFAA Summary & review: The Clean Slated Through Consolidation Act will allow borrowers who've defaulted to their figuratively speaking to possess that default taken off their credit rating when they get financing consolidation for the quantity.

H.R. 4396 - Clean Slated Through Repayment Act

Sponsor: Rep. Mucarsel-Powell D-FL
Cosponsors: 1 (1D; 0R)
Introduced: 09/19/2019
NASFAA Overview & review: The Clean Slated Through Repayment Act would eliminate the record of standard on a borrower's credit score upon total payment of this amount that is full.

S. 2523 - Adjunct Faculty Loan Fairness Act of 2019

Sponsor: Sen. Durbin D-IL
Cosponsors: 3 (3D; 0R)
Introduced: 09/19/2019
NASFAA Overview & research: This bill will allow adjunct faculty, understood to be a part-time faculty user whom shows not less than 1 program at an organization of degree and it is maybe maybe not used for a full-time foundation by other company, to be eligible for a 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 general public provider Loan Forgiveness Modernization Act would mandate the development of an effortlessly searchable database of most PSLF eligible companies, in addition to jobs under that company. The Act would additionally produce a procedure for an manager to electronically submit an official official certification type that will inform ED they are a qualified company. An annual statement that includes the number of monthly payments made by the borrower, the number of payments that qualify for PSLF, and the number of monthly payments the borrower has left before they can apply for forgiveness in addition, the Act would require ED to provide each borrower.

H.R. 4310 - Public Provider Expansion Act

Sponsor: Rep. Boyle D-PA
Cosponsors: 0
Introduced: 09/12/2019
NASFAA Overview & review: the general public provider Expansion Act will allow work in every place at a nonprofit organization to be counted being a general general public service work and qualified to receive general public solution loan forgiveness.