• Which bill will allow qualified federal borrowers in order to re-finance their federal funds when rates of interest was quicker

    Recruit: Sen. Murkowski [R-AK] Cosponsors: 4 Delivered: NASFAA Realization & Study: 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 Repayment Liberty Operate

    Sponsor: Sen. Murkowski [R-AK] Cosponsors: 2 Introduced: NASFAA Conclusion & Investigation: 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.Roentgen.5126 – Fighting Predatory Financing from inside the Advanced schooling Act away from 2021

    Sponsor: Rep. Van Duyne [R-TX] Cosponsors: 0 Introduced: NASFAA Bottom line & 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.Roentgen.5084 – Education loan Refinancing Operate

    Sponsor: Rep. Turner [R-OH] Cosponsors: 1 (1D; 0R) Introduced: NASFAA Bottom line & 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. Více

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