3.0.0 2065 2022-11-01T19:02:21Z 2022-11-01T19:02:21Z House HR 2019-04-03 116 [Congressional Record Volume 165, Number 58 (Wednesday, April 3, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. DeLAURO:H.R. 2065.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I of the United States Constitutionand its subsequent amendments, and further clarified andinterpreted by the Supreme Court of the United States.[Page H3069]]]> hsba00 Financial Services Committee House Standing Referred to 2019-04-03T13:02:20Z hswm00 Ways and Means Committee House Standing Referred to 2019-04-03T13:02:15Z hsed00 Education and the Workforce Committee House Standing Referred to 2019-04-03T13:02:10Z Student Loan Tax Elimination Act 116 1696 S 2019-06-03 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Related bill CRS Affordable Loans for Any Student Act 116 1002 S 2019-04-03 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Identical bill CRS Student Aid Simplification Act 116 640 HR 2019-01-17 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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. Related bill CRS Joint Consolidation Loan Separation Act 116 2728 HR 2019-05-14 Referred to the House Committee on Education and Labor. Related bill CRS Eliminating the Hidden Student Loan Tax Act 116 3674 HR 2019-07-10 Referred to the House Committee on Education and Labor. Related bill CRS Joint Consolidation Loan Separation Act 116 1489 S 2019-05-15 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Related bill CRS 2019-04-03 Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and Financial 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 hsba00 Financial Services Committee 2019-04-03 Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and Financial 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 hswm00 Ways and Means Committee 2019-04-03 Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and Financial 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 2019-04-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-04-03 Introduced in House IntroReferral 1000 9 Library of Congress D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 N Education Administrative law and regulatory procedures Congressional oversight Debt collection Financial literacy Government information and archives Government lending and loan guarantees Government studies and investigations Higher education Interest, dividends, interest rates Internet and video services Internet, web applications, social media Marriage and family status Public contracts and procurement Student aid and college costs Tax administration and collection, taxpayers User charges and fees Wages and earnings Education 00 2019-04-03 Introduced in House 2020-10-08T17:23:21Z Affordable Loans for Any Student Act

This bill addresses repayment options, loan disclosures, and loan counseling for student loans.

The bill revises requirements concerning repayment options for student loan borrowers. For instance, the bill terminates interest capitalization and origination fees for Federal Direct Loans, provides assistance to low-income borrowers or borrowers who are delinquent on loan payments, and replaces the existing income-based repayment plans with two new plans. Under the new plans, borrowers may choose (1) a fixed repayment plan with equal monthly payments paid over a period of 10 years, or (2) an income-based repayment plan with monthly payments equal to 10% percent of their income above the poverty level. The income-based plan is capped at 20 years of payments.

The bill also revises requirements concerning student loan disclosures and student loan counseling for borrowers. For instance, the bill requires the Department of Education to maintain online counseling tools that provide borrowers with annual and exit student loan counseling.

]]> Affordable Loans for Any Student Act Display Title Affordable Loans for Any Student Act Official Title as Introduced To amend the Higher Education Act of 1965 in order to increase usage of the Federal student loan income-based repayment plan and improve repayment options for borrowers, and for other purposes. Introduced in House IH Short Title(s) as Introduced Affordable Loans for Any Student Act Introduced in House IH Introduced in House 2019-04-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr2065ih/xml/BILLS-116hr2065ih.xml 2019-04-03 Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and Financial 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. 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.