H.R. 2968 · 115th Congress
Know Your Repayment Options Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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SwalwellSponsor14 cosponsors · 14 D
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Boyle
SM
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Moulton
DK
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Kilmer
MD
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DeSaulnier
DE
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Evans
GN
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Napolitano
EN
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Norton
EB
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Blumenauer
JR
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Raskin
MB
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Bordallo
DD
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Dingell
AC
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Carson
LR
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Roybal-Allard
BL
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Luján2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the Higher Education Act of 1965 to require the Department of Education (ED) to annually give federal student loan borrowers who have graduated or departed from school detailed information, including monthly amount and lifetime payment amount, for each repayment option available to the borrower.
What it does: CRS summary · Introduced in House · Jun 20, 2017
Know Your Repayment Options Act
This bill amends the Higher Education Act of 1965 to require the Department of Education (ED) to annually give federal student loan borrowers who have graduated or departed from school detailed information, including monthly amount and lifetime payment amount, for each repayment option available to the borrower. To provide this individualized information to borrowers, ED must establish a process for annual verification of the borrower's annual income and the outstanding balance of principal and interest due on federal loans. Borrowers may opt out of being provided this information.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Know Your Repayment Options Act
Latest action (Jun 20, 2017): Referred to the House Committee on Education and the Workforce.
Policy area: Education · Origin: House · Introduced: Jun 20, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.