3.0.0 3572 2023-01-11T13:37:14Z 2023-01-11T13:37:14Z House HR 2017-07-28 115 [Congressional Record Volume 163, Number 128 (Friday, July 28, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CICILLINE:H.R. 3572.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the Constitution of the UnitedStates.[Page H6578]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2017-07-28T13:07:00Z 2017-07-28 Referred to the House Committee on Education and the Workforce. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2017-07-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-07-28 Introduced in House IntroReferral 1000 9 Library of Congress C001084 Rep. Cicilline, David N. [D-RI-1] David Cicilline D RI N. 1 N B001270 Rep. Bass, Karen [D-CA-37] Karen Bass D CA 37 2017-07-28 True C001067 Rep. Clarke, Yvette D. [D-NY-9] Yvette Clarke D NY D. 9 2017-07-28 True M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2017-07-28 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2017-07-28 True W000808 Rep. Wilson, Frederica S. [D-FL-24] Frederica Wilson D FL S. 24 2017-07-28 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2017-07-28 True P000597 Rep. Pingree, Chellie [D-ME-1] Chellie Pingree D ME 1 2017-10-12 False S000248 Rep. Serrano, Jose E. [D-NY-15] JOSE SERRANO D NY E. 15 2018-02-06 False Education Government lending and loan guarantees Higher education Interest, dividends, interest rates Student aid and college costs Wages and earnings Education 00 2017-07-28 Introduced in House 2018-07-27T15:56:57Z Making College More Affordable Act

This bill amends the Higher Education Act of 1965 by creating federal interest-free education loans for undergraduate students. The loans must have the same terms and conditions and benefits to borrowers as federal direct Stafford Loans. Interest on these loans may only accrue during periods when a borrower is not earning taxable income due to professional negligence, professional incompetence, or malicious action on the part of the borrower.

The Department of Education (ED) must carry out a repayment plan program for the interest-free loans under which loans payments are automatically withheld from the pre-tax income of the borrower.

ED must cancel any outstanding balance of principal or interest due on those interest-free loans made to a borrower who has made 300 monthly payments. The borrower must be taxed on the amount canceled. Those taxes must be applied to carry out the federal direct loan program.

]]> Making College More Affordable Act Display Title Making College More Affordable Act Official Title as Introduced To carry out an income-contingent repayment program for Federal Interest Free Education Loans for undergraduate students, and for other purposes. Introduced in House IH Short Titles as Introduced Making College More Affordable Act Introduced in House 2017-07-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3572ih/xml/BILLS-115hr3572ih.xml 2017-07-28 Referred to the House Committee on Education and the Workforce. 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.