summary
Introduced
04/13/2021
04/13/2021
In Committee
04/13/2021
04/13/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Higher Education Act of 1965 to authorize borrowers to separate joint consolidation loans.
AI Summary
This bill amends the Higher Education Act of 1965 to authorize borrowers who previously received a joint consolidation loan as a married couple to apply to the Secretary of Education to receive separate Federal Direct Consolidation Loans. The bill outlines the specific requirements and process for the Secretary to award separate consolidation loans to each individual borrower, including canceling the outstanding balance of interest and principal for the portion of the joint consolidation loan attributable to each individual borrower. The bill also includes provisions to ensure that individual borrowers are not held liable for the repayment of the portion of the joint consolidation loan not attributable to them, and to treat certain payments made on the joint consolidation loan as if they were made on the separate consolidation loans.
Committee Categories
Education
Sponsors (26)
David Price (D)*,
Earl Blumenauer (D),
Lisa Blunt Rochester (D),
Julia Brownley (D),
Salud Carbajal (D),
Ed Case (D),
Joe Courtney (D),
Mark DeSaulnier (D),
Lloyd Doggett (D),
Brian Fitzpatrick (R),
Jared Golden (D),
Garret Graves (R),
Jaime Herrera Beutler (R),
Derek Kilmer (D),
Ted Lieu (D),
Betty McCollum (D),
Joe Morelle (D),
Greg Murphy (R),
Joe Neguse (D),
Tom O'Halleran (D),
Chellie Pingree (D),
Haley Stevens (D),
Eric Swalwell (D),
Dina Titus (D),
Paul Tonko (D),
Nikema Williams (D),
Last Action
Referred to the House Committee on Education and Labor. (on 04/13/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/2460/all-info |
| BillText | https://www.congress.gov/117/bills/hr2460/BILLS-117hr2460ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr2460/BILLS-117hr2460ih.pdf.pdf |
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