Parent PLUS Loan Fairness and Responsibility Act of 2023

Summary

Parent PLUS Loan Fairness and Responsibility Act of 2023 This bill allows parent borrowers to transfer their parent PLUS loans to their child under certain circumstances. Among other requirements for a transfer, the child must demonstrate the ability to repay the loan, as determined by the Department of Education. Additionally, the bill makes these transferred loans eligible for income-driven repayment plans.

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

Timeline

1. 14 December 2023

   Introduced

   Referred to the House Committee on Education and the Workforce.

   Source: IntroReferral

2. 14 December 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 December 2023

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 December 2023 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 December 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 December 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 December 2023

  Open at official source

Sponsors

• Rep. Foster, Bill [D-IL-11] · D · Sponsor
• · hsed00 · Standing

Related records

• related to ← Parent PLUS Loan Fairness and Responsibility Act