3.0.0 968 2022-11-01T18:47:25Z 2022-11-05T19:28:38Z Senate S 2019-04-01 116 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2019-04-01T21:13:11Z 2019-04-01 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 S2120-2121) IntroReferral 2019-04-01 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. 2019-04-01 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2019-04-01 True M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. 2019-04-01 True Education Congressional oversight Education programs funding Government Accountability Office (GAO) Government studies and investigations Higher education Student aid and college costs Education 00 2019-04-01 Introduced in Senate 2020-02-21T15:44:56Z Protect Student Borrowers Act of 2019

This bill requires institutions of higher education (IHEs) to assume some of the risk of default for federal student loans.

IHEs must remit risk-sharing payments, based on the amount of defaulted student loans, if 33% or more of their enrolled students have student loans. The Department of Education may reduce or waive the payments under certain circumstances.

The proceeds from the payments must be used for reducing student loan debt, delinquency, or default and increasing Pell grants at IHEs with low default rates that enroll a high percentage of Pell Grant recipients.

]]> Protect Student Borrowers Act of 2019 Display Title Protect Student Borrowers Act of 2019 Short Title(s) as Introduced Protect Student Borrowers Act of 2019 Introduced in Senate IS Official Title as Introduced A bill to provide for institutional risk-sharing in the Federal student loan programs. Introduced in Senate IS Introduced in Senate 2019-04-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s968is/xml/BILLS-116s968is.xml 2019-04-01 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S2120-2121) 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.