3.0.0 3786 2022-11-01T13:50:36Z 2022-11-01T13:50:36Z House HR 2019-07-16 116 [Congressional Record Volume 165, Number 119 (Tuesday, July 16, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PERRY:H.R. 3786.Congress has the power to enact this legislation pursuantto the following:Article I Section 8 Clause 1[Page H5912]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2019-07-16T14:03:45Z 2019-07-16 Referred to the House Committee on Education and Labor. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2019-07-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-07-16 Introduced in House IntroReferral 1000 9 Library of Congress P000605 Rep. Perry, Scott [R-PA-10] Scott Perry R PA 10 N C001053 Rep. Cole, Tom [R-OK-4] Tom Cole R OK 4 2019-07-24 False Education Debt collection Government information and archives Government lending and loan guarantees Higher education Interest, dividends, interest rates School administration Student aid and college costs Education 00 2019-07-16 Introduced in House 2021-02-01T21:47:18Z Student Loan Reform Act

This bill requires the Department of Education to carry out a program that allows participating institutions of higher education (IHEs) to cosign certain Federal Direct Loans made to its enrolled students.

An IHE that participates in the program assumes the obligation to repay the outstanding balance of principal and interest due on the loan over 10 years if the borrower defaults on the loan.

]]> Student Loan Reform Act Display Title Student Loan Reform Act Official Title as Introduced To amend the Higher Education Act of 1965 to direct the Secretary of Education to carry out a program under which an institution of higher education may elect to cosign Federal student loans made to students attending the institution, and for other purposes. Introduced in House IH Short Title(s) as Introduced Student Loan Reform Act Introduced in House IH Introduced in House 2019-07-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr3786ih/xml/BILLS-116hr3786ih.xml 2019-07-16 Referred to the House Committee on Education and Labor. 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.