3.0.0 4670 2022-11-01T13:49:41Z 2022-11-01T13:49:41Z House HR 2019-10-11 116 [Congressional Record Volume 165, Number 161 (Friday, October 11, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. WILD:H.R. 4670.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H8113]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2019-10-11T19:32:20Z College Affordability Act 116 4674 HR 2020-12-28 Placed on the Union Calendar, Calendar No. 583. Related bill CRS 2019-10-11 Referred to the House Committee on Education and Labor. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2019-10-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-10-11 Introduced in House IntroReferral 1000 9 Library of Congress W000826 Rep. Wild, Susan [D-PA-7] Susan Wild D PA 7 N H001081 Rep. Hayes, Jahana [D-CT-5] Jahana Hayes D CT 5 2019-10-11 True R000486 Rep. Roybal-Allard, Lucille [D-CA-40] LUCILLE ROYBAL-ALLARD D CA 40 2019-10-17 False S001200 Rep. Soto, Darren [D-FL-9] Darren Soto D FL 9 2019-10-23 False Education Administrative law and regulatory procedures Department of Education Education of the disadvantaged Government lending and loan guarantees Higher education Interest, dividends, interest rates Student aid and college costs Education 00 2019-10-11 Introduced in House 2020-06-15T12:56:30Z Simplifying Student Loans Act

This bill phases out existing repayment plans for federal student loans and replaces them with one fixed repayment plan and one income-based repayment plan.

Under current law, a borrower may choose among eight plans for student loan repayment, such as standard repayment, extended repayment, and income-contingent repayment.

The Department of Education must offer all borrowers a choice between the two new plans and allow borrowers of loans made prior to a date certain the option of continuing repayment under their original plan or electing to repay under one of the new plans.

]]> Simplifying Student Loans Act Display Title Simplifying Student Loans Act Official Title as Introduced To amend the Higher Education Act of 1965 to establish an income-based repayment for new loans on and after July 1, 2021, and for borrowers who enter income-based repayment after June 30, 2021, and for other purposes. Introduced in House IH Short Title(s) as Introduced Simplifying Student Loans Act Introduced in House IH Introduced in House 2019-10-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr4670ih/xml/BILLS-116hr4670ih.xml 2019-10-11 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.