Parent PLUS Loan Improvement Act of 2016

Summary

Parent PLUS Loan Improvement Act of 2016 This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to modify the applicable terms and conditions with respect to Federal Direct PLUS Loans to parent borrowers (i.e., parent PLUS loans). Specifically, it reduces the interest rate and eliminates the origination fee for a parent PLUS loan disbursed on or after July 1, 2016. The Department of Education must ensure, prior to disbursement, that a parent PLUS loan borrower receives counseling that includes comprehensive information on the terms, conditions, and responsibilities with respect to the loan. The bill makes a parent PLUS loan eligible for the income-contingent and income-based repayment plans. Additionally, it makes a consolidation loan that repays parent PLUS loan eligible for the income-based repayment plan.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 2 March 2016

   Introduced

   Referred to the House Committee on Education and the Workforce.

   Source: IntroReferral

2. 2 March 2016

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 March 2016

   Introduced

   Introduced in House

   Source: IntroReferral

4. 19 September 2016

   Referred

   Referred to the Subcommittee on Higher Education and Workforce Training.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 2 March 2016 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 March 2016

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 March 2016

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 2 March 2016

  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. Hinojosa, Ruben [D-TX-15] · D · Sponsor
• Rep. Brown, Corrine [D-FL-5] · D · Sponsor
• Del. Plaskett, Stacey E. [D-VI-At Large] · D · Sponsor
• Rep. Wilson, Frederica S. [D-FL-24] · D · Sponsor
• Rep. Veasey, Marc A. [D-TX-33] · D · Sponsor
• Rep. Thompson, Mike [D-CA-4] · D · Sponsor
• Rep. Richmond, Cedric L. [D-LA-2] · D · Sponsor
• Rep. Courtney, Joe [D-CT-2] · D · Sponsor
• Rep. Takano, Mark [D-CA-39] · D · Sponsor
• · hsed00 · Standing

Related records

• related to → Parent PLUS Loan Improvement Act of 2018