End Capitalization for Struggling Borrowers Act

United States116th CongressHR-4590House of Representatives
Updated: Oct 1, 2019

Summary

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.

Bill texts

Available versions
Introduced (House)View official text

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Timeline

  1. Introduced in House

  2. Referred to the House Committee on Education and Labor.

    House of Representatives

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