3.0.0 7872 2023-01-11T13:45:46Z 2023-01-11T13:45:46Z House HR 2020-07-30 116 [Congressional Record Volume 166, Number 135 (Thursday, July 30, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GROTHMAN:H.R. 7872.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the Constitution of the UnitedStates[Page H4189]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2020-07-30T13:02:15Z 2020-07-30 Referred to the House Committee on Education and Labor. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2020-07-30 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-07-30 Introduced in House IntroReferral 1000 9 Library of Congress G000576 Rep. Grothman, Glenn [R-WI-6] Glenn Grothman R WI 6 N Education Government lending and loan guarantees Higher education Student aid and college costs Education 00 2020-07-30 Introduced in House 2021-01-22T16:42:29Z Responsible Borrowing Act of 2020

This bill authorizes institutions of higher education (IHEs) to prorate or limit the amount of a Federal Direct Loan that an enrolled student may borrow for an academic year.

The bill specifies the factors that an IHE may use to limit these loans. These factors include the average starting salary for typical occupations pursued by graduates of the program, the enrollment status of the student (i.e., full- or part-time enrollment), the credential level of the program (e.g., degree or certificate), and the year of the program for which the student is seeking the loan.

Upon request of a student whose loan has been prorated or limited, an IHE may increase the amount of the loan within otherwise applicable limits if the student demonstrates special circumstances or exceptional need.

]]> Responsible Borrowing Act of 2020 Display Title Responsible Borrowing Act of 2020 Short Title(s) as Introduced Responsible Borrowing Act of 2020 Introduced in House IH Official Title as Introduced To amend the Higher Education Act of 1965 to authorize institutions of higher education to limit the amount of a Federal loan that an enrolled student may borrow. Introduced in House IH Introduced in House 2020-07-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7872ih/xml/BILLS-116hr7872ih.xml 2020-07-30 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.