H.R. 3353 · 116th Congress
Parent PLUS Loan Improvement Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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FudgeSponsor16 cosponsors · 15 D, 1 R
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Butterfield
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Clyburn
EC
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Cleaver
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Clarke
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Demings
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Green
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Kelly
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Lawson
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Payne
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Plaskett
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Richmond
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Thompson
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Wilson
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Watson Coleman
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Sires0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill modifies requirements concerning the applicable terms and conditions of Federal Direct PLUS Loans made by parent borrowers (i.e., parent PLUS loans) on behalf of their dependent college students.
What it does: CRS summary · Introduced in House · Jun 19, 2019
Parent PLUS Loan Improvement Act of 2019
This bill modifies requirements concerning the applicable terms and conditions of Federal Direct PLUS Loans made by parent borrowers (i.e., parent PLUS loans) on behalf of their dependent college students.
Specifically, it reduces the interest rate and eliminates the origination fee for a parent PLUS loan disbursed on or after July 1, 2019.
The Department of Education must ensure, prior to disbursement, that parent PLUS loan borrowers receive counseling that includes comprehensive information on the terms and conditions of the loans and the responsibilities of the borrowers.
The bill makes parent PLUS loans eligible for the income-contingent and income-based repayment plans. Additionally, it makes consolidation loans that repay parent PLUS loans eligible for the income-based repayment plans.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Parent PLUS Loan Improvement Act of 2019
Latest action (Jun 19, 2019): Referred to the House Committee on Education and Labor.
Policy area: Education · Origin: House · Introduced: Jun 19, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.