Sponsor: Rep. Scanlon D-PA
Cosponsors: 1 (1D; 0R)
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)
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)
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. Continue reading “H.R. 4627 – Pupil Borrower Advocate Act”