Parent PLUS Loan Improvement Act of 2018

Summary

Parent PLUS Loan Improvement Act of 2018 This bill amends 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, 2018. 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.

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Timeline

1. 28 June 2018

   Introduced

   Referred to the House Committee on Education and the Workforce.

   Source: IntroReferral

2. 28 June 2018

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 June 2018

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 28 June 2018 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 28 June 2018

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 28 June 2018

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 28 June 2018

  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
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Sponsor
• Rep. Meeks, Gregory W. [D-NY-5] · D · Sponsor
• Rep. Rush, Bobby L. [D-IL-1] · D · Sponsor
• Del. Sablan, Gregorio Kilili Camacho [D-MP-At Large] · D · Sponsor
• Rep. Thompson, Bennie G. [D-MS-2] · D · Sponsor
• Rep. Veasey, Marc A. [D-TX-33] · D · Sponsor
• Rep. Wilson, Frederica S. [D-FL-24] · D · Sponsor
• Rep. Davis, Danny K. [D-IL-7] · D · Sponsor
• Rep. Jackson Lee, Sheila [D-TX-18] · D · Sponsor
• Rep. Lee, Barbara [D-CA-12] · D · Sponsor
• Rep. Carson, André [D-IN-7] · D · Cosponsor
• Rep. Hastings, Alcee L. [D-FL-20] · D · Cosponsor
• · hsed00 · Standing

Related records

• related to → Jobs and Justice Act of 2018
• related to → Parent PLUS Loan Improvement Act of 2019
• related to ← Parent PLUS Loan Improvement Act of 2016