US HR2728

Bill

US HR2728

Joint Consolidation Loan Separation Act

Introduced
05/14/2019

In Committee
05/14/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Higher Education Act of 1965 to authorize borrowers to separate joint consolidation loans. This bill allows two borrowers, who had previously received a joint consolidation loan for their student debt under the William D. Ford Federal Direct Loan Program, to submit a joint application to sever their consolidated loan. One borrower may submit a separate application in the event that the individual is experiencing domestic or economic abuse from the other individual borrower, or is unable to reasonably reach or access the loan information of the other borrower.

AI Summary

This bill amends the Higher Education Act of 1965 to allow borrowers who previously received a joint consolidation loan for their student debt under the William D. Ford Federal Direct Loan Program to apply to the Secretary of Education to separate that loan into two individual Federal Direct Consolidation Loans. The bill permits one borrower to apply separately in cases of domestic or economic abuse from the other borrower, or if the borrower is unable to reasonably access the loan information of the other borrower. The separate loans would have the same interest rate as the original joint consolidation loan, and any payments made under the Public Service Loan Forgiveness program or income-driven repayment plans would be treated as if they were made on the separate loans.

Committee Categories

Education

Sponsors (4)

David Price (D)*, Bradley Byrne (R), Salud Carbajal (D), Haley Stevens (D),

Last Action

Referred to the House Committee on Education and Labor. (on 05/14/2019)

Official Document

https://www.congress.gov/bill/116th-congress/house-bill/2728/all-info

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/116th-congress/house-bill/2728/all-info
BillText	https://www.congress.gov/116/bills/hr2728/BILLS-116hr2728ih.pdf
Bill	https://www.congress.gov/116/bills/hr2728/BILLS-116hr2728ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR2065	Affordable Loans for Any Student Act	Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related
S1002	Affordable Loans for Any Student Act	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.	Related
S1489	Joint Consolidation Loan Separation Act	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.	Same As

Bill > HR2728

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary