In this post, you’ll find proposals to evolve otherwise customize the processes which college students borrow and pay-off its fund
*NEW* S.3658 – Citizen Education Deferred Focus (REDI) Operate
Mentor: Sen. Rosen [D-NV]
Cosponsors: 1 (0D; 1R)
NASFAA Summation & Analysis: This bill would allow borrowers in a medical or dental residency program to have the interest and payments on their student loans deferred.
*NEW* H.R.6749 – Brush Record compliment of Cost Operate from 2022
Sponsor: Rep. Ross [D-NC]
Cosponsors: 11 (11D; 0R)
NASFAA Summary & Analysis: This bill would remove the record of default on a borrower’s credit history upon total repayment of the full amount due.
*NEW* H.R.6708 – Student loan Rescue Operate
Sponsor: Rep. Gonzalez [D-TX]
NASFAA Summary & Analysis: This bill would require the Department of Education to forgive a maximum of $25,000 for Federal student loan borrowers. The forgiven amount would be tax free.
H.R.6466 – Student loan Rehab and you may Credit rating Update Work of 2022
Sponsor: Rep. Williams [D-GA]
Cosponsors: 18 (18D; 0R)
NASFAA Bottom line & Analysis: This bill would not only require the removal of the record of default from a borrower’s credit history report once they have rehabilitated their loans, but would require the removal of all adverse credit history related to the loan’s initial defaulted status.…