Archive | 1 800 payday loan

RSS feed for this section

In this article, there are proposals to switch otherwise modify the techniques wherein college students borrow and you can repay its financing

*NEW* S.3658 – Citizen Training Deferred Notice (REDI) Operate

Recruit: Sen. Rosen [D-NV]
Cosponsors: 1 (0D; 1R)
Put:
NASFAA Summation & Analysis: This bill would allow borrowers in a medical or dental residency program to have the interest and payments on their student loans deferred.

*NEW* H.Roentgen.6749 – Clean Slate courtesy Payment Act away from 2022

Sponsor: Rep. Ross [D-NC]
Cosponsors: 11 (11D; 0R)
Introduced:
NASFAA Summation & Analysis: This bill would remove the record of default on a borrower’s credit history upon total repayment of the full amount due.

*NEW* H.Roentgen.6708 – Education loan Recovery Act

Sponsor: Rep. Gonzalez [D-TX]
Cosponsors: 0
Introduced:
NASFAA Summation & Analysis: This bill would require the Department of Education to forgive a maximum of $25,000 for Federal student loan borrowers. The forgiven amount would be tax free.

H.Roentgen.6466 – Education loan Rehab and Credit score Update Work off 2022

Sponsor: Rep. Williams [D-GA]
Cosponsors: 18 (18D; 0R)
Introduced:
NASFAA Realization & Analysis: This bill would not only require the removal of the record of default from a borrower’s credit history report once they have rehabilitated their loans, but would require the removal of all adverse credit history related to the loan’s initial defaulted status.

H.R.6424 – Highest ED Act

Sponsor: Rep. DeFazio [D-OR]
Cosponsors: 0
Introduced:
NASFAA Bottom line & Analysis: This bill would reform the current federal loan program through a multitude of programs, including, reinstating federal subsidized loans to borrowers in graduate and professional programs and allowing borrowers to discharge their federal loans if they file for bankruptcy. Continue Reading →