3.0.0 4170 2021-04-19T19:31:10Z 2021-04-19T19:31:10Z House H HR 2012-03-08 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CLARKE of Michigan:H.R. 4170.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the Constitution.[Page H1305]]]> hsed00 Education and the Workforce Committee House Standing hsed13 Higher Education and Workforce Development Subcomittee Referred to 2012-03-29T18:41:40Z Referred to 2012-03-08T14:57:15Z hsas00 Armed Services Committee House Standing hsas02 Military Personnel Subcommittee Referred to 2012-03-23T17:35:12Z Referred to 2012-03-08T14:57:25Z hsfa00 Foreign Affairs Committee House Standing Referred to 2012-03-08T14:57:20Z 2012-03-29 hsed13 Higher Education and Workforce Development Subcomittee 1 House committee actions Referred to the Subcommittee on Higher Education and Workforce Training. Committee 2012-03-23 hsas02 Military Personnel Subcommittee 1 House committee actions Referred to the Subcommittee on Military Personnel. Committee 2012-03-08 Referred to the Committee on Education and the Workforce, and in addition to the Committees on Foreign Affairs, and Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsas00 Armed Services Committee 2012-03-08 Referred to the Committee on Education and the Workforce, and in addition to the Committees on Foreign Affairs, and Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsfa00 Foreign Affairs Committee 2012-03-08 Referred to the Committee on Education and the Workforce, and in addition to the Committees on Foreign Affairs, and Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2012-03-08 Sponsor introductory remarks on measure. (CR H1291) IntroReferral B00100 9 Library of Congress 2012-03-08 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-03-08 Introduced in House IntroReferral 1000 9 Library of Congress C001085 Rep. Clarke, Hansen [D-MI-13] Hansen Clarke D MI 13 N B001270 Rep. Bass, Karen [D-CA-33] Karen Bass D CA 33 2012-03-19 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2012-03-26 False P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2012-03-27 False F000116 Rep. Filner, Bob [D-CA-51] BOB FILNER D CA 51 2012-03-29 False C000714 Rep. Conyers, John, Jr. [D-MI-14] JOHN CONYERS D MI 14 2012-03-29 False M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2012-04-17 False R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2012-04-17 False T000326 Rep. Towns, Edolphus [D-NY-10] EDOLPHUS TOWNS D NY 10 2012-04-17 False J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2012-04-17 False C001067 Rep. Clarke, Yvette D. [D-NY-11] Yvette Clarke D NY D. 11 2012-04-17 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2012-04-17 False M000933 Rep. Moran, James P. [D-VA-8] JAMES MORAN D VA P. 8 2012-04-17 False R000053 Rep. Rangel, Charles B. [D-NY-15] CHARLES RANGEL D NY B. 15 2012-04-18 False B001254 Rep. Boren, Dan [D-OK-2] Dan Boren D OK 2 2012-04-24 False S001175 Rep. Speier, Jackie [D-CA-12] Jackie Speier D CA 12 2012-04-24 False S001177 Del. Sablan, Gregorio Kilili Camacho [D-MP-At Large] Gregorio Sablan D MP Kilili Camacho 0 2012-05-15 False L000397 Rep. Lofgren, Zoe [D-CA-16] ZOE LOFGREN D CA 16 2012-05-15 False N000002 Rep. Nadler, Jerrold [D-NY-8] JERROLD NADLER D NY 8 2012-06-05 False D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2012-06-05 False L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2012-07-09 False C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2012-07-17 False E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2012-07-31 False L000559 Rep. Langevin, James R. [D-RI-2] JAMES LANGEVIN D RI R. 2 2012-09-20 False H001034 Rep. Honda, Michael M. [D-CA-15] MICHAEL HONDA D CA M. 15 2012-10-12 False Education Defense spending Education programs funding Government employee pay, benefits, personnel management Government lending and loan guarantees Health care coverage and access Health personnel Higher education Interest, dividends, interest rates Medical education Military operations and strategy Student aid and college costs Education 00 2012-03-08 Introduced in House 2012-03-27T18:40:23Z Student Loan Forgiveness Act of 2012 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to establish a 10/10 Loan Repayment Plan that allows borrowers of Federal Family Education Loans (FFELs) and Direct Loans (DLs) to limit their monthly payment on such loans to one-twelfth of 10% of the amount by which their adjusted gross income and that of their spouse (if applicable) exceeds 150% of the federal poverty level.

Requires the Secretary of Education to determine a borrower's repayment obligation under that plan on a case-by-case basis if the repayment formula would result in the borrower paying nothing and the borrower is not in deferment due to an economic hardship.

Establishes a 10/10 Loan Forgiveness Program that provides FFEL and DL forgiveness to borrowers who, after the date that is 10 years before the date of this Act's enactment, have made 120 monthly payments under the 10/10 Loan Repayment Plan or under another repayment plan that required them to make payments at least as large as those they would have made under the 10/10 Loan Repayment Plan.

Credits the months during which an individual is in deferment due to an economic hardship as months for which payment was made for purposes of the 10/10 Loan Forgiveness Program.

Caps the amount of loan forgiveness that the program will provide to individuals who become new borrowers after this Act's enactment.

Caps the interest rate on new DLs at 3.4%

Amends the public service employee loan forgiveness program to forgive the DLs of participants who have made 60 (currently, 120) monthly payments on such loans pursuant to specified repayment plans.

Includes primary care physicians in medically underserved areas in the public service employee loan forgiveness program.

Allows certain borrowers to consolidate their private education loans as Direct Consolidation Loans, provided the private loans were made on or before the date of this Act's enactment.

Limits such borrowers to those who: (1) were students eligible for unsubsidized Stafford loans or PLUS loans under the FFEL or DL programs for their enrollment at an institution of higher education, or would have been had they been enrolled on at least a half-time basis; (2) borrowed at least one private education loan for such enrollment; and (3) have an average adjusted gross income that does not exceed their total education debt.

Caps the interest rate on those Direct Consolidation Loans at 3.4%

Requires borrowers to apply for such loans within one year of this Act's enactment.

Funds this Act's programs from funds available for Overseas Contingency Operations.

]]> Student Loan Forgiveness Act of 2012 Short Titles as Introduced Student Loan Forgiveness Act of 2012 Display Title Student Loan Forgiveness Act of 2012 Official Title as Introduced To increase purchasing power, strengthen economic recovery, and restore fairness in financing higher education in the United States through student loan forgiveness, caps on interest rates on Federal student loans, and refinancing opportunities for private borrowers, and for other purposes. Introduced in House 2012-03-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr4170ih/xml/BILLS-112hr4170ih.xml 2012-03-29 Referred to the Subcommittee on Higher Education and Workforce Training. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.