Combating Excessive Student Debt Act of 2022 This bill generally prohibits new Federal Direct PLUS Loans from being made to student loan borrowers on or after July 1, 2023. Additionally, the bill limits the percentage of institutional revenue that may be derived from these loans.
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Timeline
Introduced in House
Referred to the House Committee on Education and Labor.
Introduced in House
Referred to the House Committee on Education and Labor.
Education
Combating Excessive Student Debt Act of 2022
USA117th CongressHR-7895| House
| Updated: 5/27/2022
Combating Excessive Student Debt Act of 2022 This bill generally prohibits new Federal Direct PLUS Loans from being made to student loan borrowers on or after July 1, 2023. Additionally, the bill limits the percentage of institutional revenue that may be derived from these loans.