Making College More Affordable Act

Summary

Making College More Affordable Act This bill amends the Higher Education Act of 1965 by creating federal interest-free education loans for undergraduate students. The loans must have the same terms and conditions and benefits to borrowers as federal direct Stafford Loans. Interest on these loans may only accrue during periods when a borrower is not earning taxable income due to professional negligence, professional incompetence, or malicious action on the part of the borrower. The Department of Education (ED) must carry out a repayment plan program for the interest-free loans under which loans payments are automatically withheld from the pre-tax income of the borrower. ED must cancel any outstanding balance of principal or interest due on those interest-free loans made to a borrower who has made 300 monthly payments. The borrower must be taxed on the amount canceled. Those taxes must be applied to carry out the federal direct loan program.

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Timeline

1. 28 September 2016

   Introduced

   Referred to the House Committee on Education and the Workforce.

   Source: IntroReferral

2. 28 September 2016

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 September 2016

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 28 September 2016 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 28 September 2016

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 28 September 2016

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 28 September 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. Cicilline, David N. [D-RI-1] · D · Sponsor
• Rep. Bass, Karen [D-CA-37] · D · Sponsor
• Rep. Clarke, Yvette D. [D-NY-9] · D · Sponsor
• Rep. Ellison, Keith [D-MN-5] · D · Sponsor
• Rep. Hahn, Janice [D-CA-44] · D · Sponsor
• Rep. Israel, Steve [D-NY-3] · D · Sponsor
• Rep. Kelly, Robin L. [D-IL-2] · D · Sponsor
• Rep. McGovern, James P. [D-MA-2] · D · Sponsor
• Rep. Pingree, Chellie [D-ME-1] · D · Sponsor
• Rep. Schakowsky, Janice D. [D-IL-9] · D · Sponsor
• Rep. Wilson, Frederica S. [D-FL-24] · D · Sponsor
• · hsed00 · Standing

Related records

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