Parent PLUS Loan Improvement Act of 2019

Summary

Parent PLUS Loan Improvement Act of 2019 This bill modifies requirements concerning the applicable terms and conditions of Federal Direct PLUS Loans made by parent borrowers (i.e., parent PLUS loans) on behalf of their dependent college students. Specifically, it reduces the interest rate and eliminates the origination fee for a parent PLUS loan disbursed on or after July 1, 2019. The Department of Education must ensure, prior to disbursement, that parent PLUS loan borrowers receive counseling that includes comprehensive information on the terms and conditions of the loans and the responsibilities of the borrowers. The bill makes parent PLUS loans eligible for the income-contingent and income-based repayment plans. Additionally, it makes consolidation loans that repay parent PLUS loans eligible for the income-based repayment plans.

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Timeline

1. 19 June 2019

   Introduced

   Referred to the House Committee on Education and Labor.

   Source: IntroReferral

2. 19 June 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 June 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 19 June 2019 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 19 June 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 19 June 2019

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 19 June 2019

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Fudge, Marcia L. [D-OH-11] · D · Sponsor
• Rep. Cleaver, Emanuel [D-MO-5] · D · Cosponsor
• Rep. Butterfield, G. K. [D-NC-1] · D · Cosponsor
• Rep. Watson Coleman, Bonnie [D-NJ-12] · D · Cosponsor
• Rep. Clyburn, James E. [D-SC-6] · D · Cosponsor
• Rep. Kelly, Robin L. [D-IL-2] · D · Cosponsor
• Rep. Richmond, Cedric L. [D-LA-2] · D · Cosponsor
• Rep. Clarke, Yvette D. [D-NY-9] · D · Cosponsor
• Rep. Lawson, Al, Jr. [D-FL-5] · D · Cosponsor
• Rep. Payne, Donald M., Jr. [D-NJ-10] · D · Cosponsor
• Del. Plaskett, Stacey E. [D-VI-At Large] · D · Cosponsor
• Rep. Thompson, Bennie G. [D-MS-2] · D · Cosponsor
• Rep. Green, Al [D-TX-9] · D · Cosponsor
• Rep. Wilson, Frederica S. [D-FL-24] · D · Cosponsor
• Rep. Green, Mark E. [R-TN-7] · R · Cosponsor
• Rep. Demings, Val Butler [D-FL-10] · D · Cosponsor
• Rep. Sires, Albio [D-NJ-13] · D · Cosponsor
• · hsed00 · Standing

Related records

• related to ← Parent PLUS Loan Improvement Act of 2018