Know Your Repayment Options Act

Summary

Know Your Repayment Options Act This bill amends the Higher Education Act of 1965 to require the Department of Education (ED) to annually give federal student loan borrowers who have graduated or departed from school detailed information, including monthly amount and lifetime payment amount, for each repayment option available to the borrower. To provide this individualized information to borrowers, ED must establish a process for annual verification of the borrower's annual income and the outstanding balance of principal and interest due on federal loans. Borrowers may opt out of being provided this information.

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Timeline

1. 14 July 2016

   Introduced

   Introduced in House

   Source: IntroReferral

2. 14 July 2016

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 July 2016

   Introduced

   Referred to the House Committee on Education and the Workforce.

   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 · 14 July 2016 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 July 2016

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 July 2016

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 14 July 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. Swalwell, Eric [D-CA-15] · D · Sponsor
• Rep. Meng, Grace [D-NY-6] · D · Sponsor
• Rep. Boyle, Brendan F. [D-PA-2] · D · Sponsor
• Rep. Moulton, Seth [D-MA-6] · D · Sponsor
• Rep. Kilmer, Derek [D-WA-6] · D · Sponsor
• Rep. Jeffries, Hakeem S. [D-NY-8] · D · Sponsor
• Rep. Veasey, Marc A. [D-TX-33] · D · Sponsor
• Rep. Lieu, Ted [D-CA-36] · D · Sponsor
• Rep. Keating, William R. [D-MA-9] · D · Cosponsor
• · hsed00 · Standing

Related records

• related to → Know Your Repayment Options Act