Legis Daily

End Capitalization for Struggling Borrowers Act

USA116th CongressHR-4590| House 
| Updated: 10/1/2019
Danny K. Davis

Danny K. Davis

Democratic Representative

Illinois

Cosponsors (2)
Abigail Davis Spanberger (Democratic)Sean Casten (Democratic)

Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
End Capitalization for Struggling Borrowers Act This bill prohibits the capitalization of interest on a student loan balance after forbearance or certain deferment periods. Capitalization occurs when the interest accrued on a student loan during a period of deferment or forbearance is added to the principal amount of the loan at the expiration of such period.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 1, 2019
Introduced in House
Oct 1, 2019
Referred to the House Committee on Education and Labor.
  • October 1, 2019
    Introduced in House
  • October 1, 2019
    Referred to the House Committee on Education and Labor.

Education

Government lending and loan guaranteesHigher educationInterest, dividends, interest ratesStudent aid and college costs

End Capitalization for Struggling Borrowers Act

USA116th CongressHR-4590| House 
| Updated: 10/1/2019
End Capitalization for Struggling Borrowers Act This bill prohibits the capitalization of interest on a student loan balance after forbearance or certain deferment periods. Capitalization occurs when the interest accrued on a student loan during a period of deferment or forbearance is added to the principal amount of the loan at the expiration of such period.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 1, 2019
Introduced in House
Oct 1, 2019
Referred to the House Committee on Education and Labor.
  • October 1, 2019
    Introduced in House
  • October 1, 2019
    Referred to the House Committee on Education and Labor.
Danny K. Davis

Danny K. Davis

Democratic Representative

Illinois

Cosponsors (2)
Abigail Davis Spanberger (Democratic)Sean Casten (Democratic)

Education and Workforce Committee

Education

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Government lending and loan guaranteesHigher educationInterest, dividends, interest ratesStudent aid and college costs