H.R. 4627 – Pupil Borrower Advocate Act

H.R. 4627 – Pupil Borrower Advocate Act

Sponsor: Rep. Scanlon D-PA
Cosponsors: 1 (1D; 0R)
Introduced: 10/08/2019
NASFAA Overview & research: This bill would mandate the creation of the “borrower advocate” at the office associated with the PBO whoever function is to provide prompt assist with federal loan borrowers by answering and reviewing their complaints about federal loans, attempting to resolve any complaints within the most useful interest for the borrowers, and reporting complaints to a situation or accrediting agency if relevant. The debtor advocate will be in charge of posting a yearly are accountable to ED that will summarize the complaints gotten from borrowers, like the quantity of complaints made.

H.R. 4607 – Not en en titled at the time of 11/13

Sponsor: Rep. Harder D-CA
Cosponsors: 4 (2D; 2R)
Introduced: 10/04/2019
NASFAA Overview & review: This bill will allow borrowers who possess full-time jobs as medical care professionals and offer their solutions at a nonprofit, or hospital that is public other nonprofit or general general general public medical care center to qualify for Public provider Loan Forgiveness.

H.R. 4596 – Education Loan Advocacy Act

Sponsor: Rep. Omar D-MN
Cosponsors: 1 (1D; 0R)
Introduced: 10/01/2019
NASFAA Overview & Analysis: This bill would upgrade the goal of the PBO to incorporate prioritization to pupils and borrowers in decision-making procedures, making federal aid programs more effortlessly understandable to pupils and parents, handling costs, increasing effectiveness, increasing accountability of officials who administer functional components of federal programs, and increasing oversight of schools. The secretary of education would be responsible for implementing accountability and oversight measures to make sure the newly-defined purpose is accomplished to ensure these improvements take place. This bill would additionally mandate the creation of a “borrower advocate” at work associated with the PBO whoever function is always to offer prompt assist with federal loan borrowers by answering and reviewing their complaints about federal loans, attempting to resolve any money key loan complaints into the most readily useful interest of this borrowers, and reporting complaints to a situation or accrediting agency if applicable. The debtor advocate could be in charge of posting a report that is annual ED that will summarize the complaints gotten from borrowers, like the wide range of complaints made.

H.R. 4590 – End Capitalization for Struggling Borrowers Act

Sponsor: Rep. Davis D-IL
Cosponsors: 2 (2D; 0R)
Introduced: 10/01/2019
NASFAA Overview & research: This bill would eradicate education loan interest capitalization after forbearance and during specific durations of deferment.

H.R. 4502 – providing Relief And Dollars to Undergraduates for Adequate Time for Education Act

Sponsor: Rep. Casten D-IL
Cosponsors: 3 (3D; 0R)
Introduced: 09/26/2019
NASFAA Overview & review: This bill would repeal area 1087e(q) associated with the advanced schooling Act, which will eradicate the requirement that pupils might only get Federal figuratively speaking within an occasion framework add up to 150percent of this posted amount of this program these are generally signed up for.

H.R. 4517 – Promoting Apprenticeships in public places Provider Act

Sponsor: Rep. Cicilline D-RI
Cosponsors: 3 (3D; 0R)
Introduced: 09/26/2019
NASFAA Overview & research: This legislation would direct the Secretary of Education to cancel or repay as much as $25,000 in loans for just about any debtor that received a certification from the subscribed apprenticeship program then completes 2 yrs of full-time work at a qualifying service job that is public.

H.R. 4395 – Clean Slated Through Consol Sponsor: Rep. Stevens D-MI
Cosponsors: 1 (1D; 0R)
Introduced: 09/19/2019
NASFAA Overview & research: The Clean Slated Through Consolidation Act allows borrowers who possess defaulted on the student education loans to possess that default taken out of their credit score when they get that loan consolidation for the total amount.

H.R. 4396 – Clean Slated Through Repayment Act

Sponsor: Rep. Mucarsel-Powell D-FL
Cosponsors: 1 (1D; 0R)
Introduced: 09/19/2019
NASFAA Overview & review: The Clean Slated Through Repayment Act would eliminate the record of standard on a borrower’s credit rating upon total payment associated with the complete quantity due.

S. 2523 – Adjunct Faculty Loan Fairness Act of 2019

Sponsor: Sen. Durbin D-IL
Cosponsors: 3 (3D; 0R)
Introduced: 09/19/2019
NASFAA Overview & review: This bill will allow adjunct faculty, understood to be a part-time faculty user who shows for around 1 program at an organization of degree and it is maybe maybe perhaps not used on a full-time foundation by some other manager, to qualify for general public solution loan forgiveness.

H.R. 4391 – Public Provider Loan Forgiveness Modernization Act

Sponsor: Rep. Panetta D-CA
Cosponsors: 8 (8D; 0R)
Introduced: 09/18/2019
NASFAA Overview & research: the general public Service Loan Forgiveness Modernization Act would mandate the development of an effortlessly searchable database of most PSLF eligible companies, while the jobs under that company. The Act would additionally produce an ongoing process for an manager to electronically submit a certification type that will notify ED that they’re an employer that is qualified. An annual statement that includes the number of monthly payments made by the borrower, the number of payments that qualify for PSLF, and the number of monthly payments the borrower has left before they can apply for forgiveness in addition, the Act would require ED to provide each borrower.

H.R. 4310 – Public Provider Expansion Act

Sponsor: Rep. Boyle D-PA
Cosponsors: 0
Introduced: 09/12/2019
NASFAA Overview & research: the general public Service Expansion Act will allow work in every place at a nonprofit company to be counted as a general general general public solution work and entitled to general general general public solution loan forgiveness.

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