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United States · Bill · S

S. 2028 (115th)

Protect Student Borrowers Act of 2017

referredUnited States· United States Congress· EN

Introduced

26 October 2017

Last action

Status

Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S6855)

Sponsors

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Discovery layer

Source updated

11 August 2025

Summary

Protect Student Borrowers Act of 2017 This bill amends the Higher Education Act of 1965 to require institutions of higher education (IHEs) participating in the William D. Ford Federal Direct Loan program to assume some of the risk of default for student loans under the program. For any fiscal year in which at least 33% of the IHE's student body is participating in the Direct Loan program, the IHE must remit a risk-sharing payment that is based on the amount of its defaulted Direct Loans.

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3 official files

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