Student Loan Reform Act

United States117th CongressHR-1586House of Representatives
Updated: Mar 3, 2021

Summary

Student Loan Reform Act This bill requires the Department of Education to carry out a program that allows participating institutions of higher education (IHEs) to cosign certain Federal Direct Loans made to its enrolled students. An IHE that participates in the program assumes the obligation to repay the outstanding balance of principal and interest due on the loan over 10 years if the borrower defaults on the loan.

Bill texts

Available versions
Introduced (House)View official text

1 version available

All available records shown.

Timeline

Latest companion bill action

S-4897: Student Loan Reform Act of 2022

Introduced in Senate

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

    House of Representatives

  2. Introduced in House

All available records shown.