United States · Bill · S
S. 968 (116th)
Protect Student Borrowers Act of 2019
Introduced
1 April 2019
Last action
—
Status
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S2120-2121)
Sponsors
—
Subjects
Discovery layer
Source updated
21 April 2025
Summary
Protect Student Borrowers Act of 2019 This bill requires institutions of higher education (IHEs) to assume some of the risk of default for federal student loans. IHEs must remit risk-sharing payments, based on the amount of defaulted student loans, if 33% or more of their enrolled students have student loans. The Department of Education may reduce or waive the payments under certain circumstances. The proceeds from the payments must be used for reducing student loan debt, delinquency, or default and increasing Pell grants at IHEs with low default rates that enroll a high percentage of Pell Grant recipients.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
No timeline events have been ingested for this record yet.
Votes
No vote records are attached yet.
Versions
No version snapshots stored. Document URLs remain at the source.
Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 1 April 2019
Introduced in Senate (PDF)
Introduced in Senate · EN · 1 April 2019
Introduced in Senate
summary · EN · 1 April 2019
Sponsors
No sponsors or actors listed by the source.
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/968
- Open data entity: https://api.congress.gov/v3/bill/116/s/968