Student Loan Reform Act
Summary
Student Loan Reform Act This bill requires the Department of Education to carry out a program that allows participating institutions of higher education (IHEs) to cosign certain Federal Direct Loans made to its enrolled students. An IHE that participates in the program assumes the obligation to repay the outstanding balance of principal and interest due on the loan over 10 years if the borrower defaults on the loan.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2021
Committee Review
Floor Vote
President
Introduced Mar 3, 2021
Last action Mar 3, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 3, 2021
Committee
Referred to the House Committee on Education and Labor.
lower
Mar 3, 2021
Introduced
Introduced in House
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Scott Perry
RRepublican
Co
Dan Crenshaw
RRepublican
Co
Michael F. Q. San Nicolas
DDemocratic
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