summary
Introduced
10/07/2021
10/07/2021
In Committee
10/07/2021
10/07/2021
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 permit a Federal student loan borrower to elect to terminate repayment pursuant to income-based repayment and repay such loan under any other repayment plan for which the borrower is otherwise eligible.
AI Summary
This bill, the Student Loan Repayment Freedom Act, amends the Higher Education Act of 1965 to allow federal student loan borrowers who are repaying their loans under an income-based repayment plan to elect, at any time, to terminate that repayment plan and instead repay their loan under any other repayment plan for which they are eligible. This change provides borrowers with greater flexibility and control over their student loan repayment options.
Committee Categories
Health and Social Services
Sponsors (3)
Last Action
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (on 10/07/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/2976/all-info | 10/08/2021 |
| BillText | https://www.congress.gov/117/bills/s2976/BILLS-117s2976is.pdf | 10/15/2021 |
| Bill | https://www.congress.gov/117/bills/s2976/BILLS-117s2976is.pdf.pdf | 10/15/2021 |
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