That it bill will allow eligible government consumers to help you refinance the federal fund whenever rates are shorter

That it bill will allow eligible government consumers to help you refinance the federal fund whenever rates are shorter

Sponsor: Sen. Murkowski [R-AK]
Cosponsors: 4
Lead:
NASFAA Bottom line & Analysis: This bill would eliminate penalties and deterrents that prevent institutions from informing students about student loans offered by non-profit state agency lenders.

S.2976 – Education loan Installment Independence Operate

Sponsor: Sen. Murkowski [R-AK]
Cosponsors: 2
Introduced:
NASFAA Summary & Research: This bill would allow borrowers to switch between different repayment plans based on their situation without first being put into a forbearance or standard repayment plan while the transfer is made.

H.R.5126 – Combating Predatory Lending for the Degree Work out-of 2021

Sponsor: Rep. Van Duyne [R-TX]
Cosponsors: 0
Introduced:
NASFAA Conclusion & Analysis: This bill would now include PLUS loans made to graduate students and parents in the calculation for an institution’s Cohort Default Rate (CDR) so that any default in these loans is now included in the calculation.

H.R.5084 – Education loan Refinancing Act

Sponsor: Rep. Turner [R-OH]
Cosponsors: 1 (1D; 0R)
Introduced:
NASFAA Summation & Analysis: After completing an application for refinancing for an eligible federal student loan, the borrower would be able to refinance their loan’s interest rate to the interest rate for current new borrowers at the same time of the application. The bill would also ensure that refinancing loans does not affect a borrower’s monthly payment count on IDR repayment plans and PSLF plans.

S.2596 – Loan Operate out-of 2021

Sponsor: Sen title loans Oliver Springs TN. Continue reading “That it bill will allow eligible government consumers to help you refinance the federal fund whenever rates are shorter”