3.0.0 2028 2023-01-11T13:38:13Z 2023-01-11T13:38:13Z Senate S 2017-10-26 115 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2017-10-26T19:59:42Z 2017-10-26 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S6855) IntroReferral 2017-10-26 Introduced in Senate IntroReferral 10000 9 Library of Congress R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. N D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2017-10-26 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2017-10-26 True M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. 2017-10-26 True Education Congressional oversight Education programs funding Government Accountability Office (GAO) Government studies and investigations Higher education Student aid and college costs Education 00 2017-10-26 Introduced in Senate 2019-07-25T15:52:50Z Protect Student Borrowers Act of 2017

This bill amends the Higher Education Act of 1965 to require institutions of higher education (IHEs) participating in the William D. Ford Federal Direct Loan program to assume some of the risk of default for student loans under the program.

For any fiscal year in which at least 33% of the IHE's student body is participating in the Direct Loan program, the IHE must remit a risk-sharing payment that is based on the amount of its defaulted Direct Loans.

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Protect Student Borrowers Act of 2017 Display Title Protect Student Borrowers Act of 2017 Short Titles as Introduced Protect Student Borrowers Act of 2017 Official Title as Introduced A bill to provide for institutional risk-sharing in the Federal student loan programs. Introduced in Senate 2017-10-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2028is/xml/BILLS-115s2028is.xml 2017-10-26 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S6855) 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.