An amendment, printed as amendment No. 14 to expand and revise the Income Contingent Repayment (ICR) option for the Direct Student Loan program. The amendment would (1) allow all federal student loan borrowers to be eligible to choose ICR, (2) require borrowers to repay certain percentages of their yearly income, regardless of the loan amount, and (3) guarantee that if a loan is not repaid in 25 years, the federal government must cover the outstanding principal and interest.

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Introduced

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Last action

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Status

By unanimous consent, the Andrews amendment was withdrawn.

Records

Official amendment HAMDT 589 (105th) from United States at United States Congress. Status: By unanimous consent, the Andrews amendment was withdrawn..

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Related records

amends → Higher Education Amendments of 1998

Sources

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Official source: https://www.congress.gov/amendment/105th-congress/hamdt-589
Open data entity: https://api.congress.gov/v3/amendment/105/hamdt/589
us · 105-hamdt-589 · source updated 25 February 2022