Responsible Borrowing Act of 2020

referredUnited States· United States Congress· EN

Introduced

30 July 2020

Last action

30 July 2020 · Introduced

Status

Referred to the House Committee on Education and Labor.

Summary

Responsible Borrowing Act of 2020 This bill authorizes institutions of higher education (IHEs) to prorate or limit the amount of a Federal Direct Loan that an enrolled student may borrow for an academic year. The bill specifies the factors that an IHE may use to limit these loans. These factors include the average starting salary for typical occupations pursued by graduates of the program, the enrollment status of the student (i.e., full- or part-time enrollment), the credential level of the program (e.g., degree or certificate), and the year of the program for which the student is seeking the loan. Upon request of a student whose loan has been prorated or limited, an IHE may increase the amount of the loan within otherwise applicable limits if the student demonstrates special circumstances or exceptional need.

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

Timeline

30 July 2020
Introduced
Referred to the House Committee on Education and Labor.
Source: IntroReferral
30 July 2020
Introduced
Introduced in House
Source: IntroReferral
30 July 2020
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 30 July 2020 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 30 July 2020
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Introduced in House (PDF)
Introduced in House · EN · 30 July 2020
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Introduced in House
summary · EN · 30 July 2020
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to → Responsible Borrowing Act of 2021

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/116th-congress/house-bill/7872
Open data entity: https://api.congress.gov/v3/bill/116/hr/7872
us · 116-hr-7872 · source updated 21 July 2025