Bill
Bill > S1971
summary
Introduced
06/14/2023
06/14/2023
In Committee
06/14/2023
06/14/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to amend the Higher Education Act of 1965 to provide for loan repayment simplification and income-driven repayment reform.
AI Summary
This bill, the Streamlining Accountability and Value in Education for Students Act, aims to amend the Higher Education Act of 1965 to provide for loan repayment simplification and income-driven repayment reform. Specifically, it establishes a new "Revised Pay As You Earn Repayment plan" starting on July 1, 2024, which allows for more flexible repayment options and expanded deferment and forbearance conditions. The bill also restricts the use of federal funds for educational programs with poor post-graduation earnings outcomes, and phases out the existing Income-Based Repayment plan for new borrowers starting after July 1, 2024.
Committee Categories
Health and Social Services
Sponsors (3)
Last Action
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (on 06/14/2023)
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/118th-congress/senate-bill/1971/all-info |
| BillText | https://www.congress.gov/118/bills/s1971/BILLS-118s1971is.pdf |
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