Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 3353
116th Congress(2019-2020)
Parent PLUS Loan Improvement Act of 2019
Introduced
Introduced
Introduced in House on Jun 19, 2019
Overview
Text
Introduced
Jun 19, 2019
Latest Action
Jun 19, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3353
Congress
116
Policy Area
Education
Education
Primary focus of measure is elementary, secondary, or higher education including special education and matters of academic performance, school administration, teaching, educational costs, and student aid.
Sponsorship by Party
Democrat
Marcia L. Fudge
Ohio
Democrat
Al Lawson
Florida
Democrat
Frederica Wilson
Florida
Democrat
Val Demings
Florida
Democrat
Robin Kelly
Illinois
Democrat
Cedric Richmond
Louisiana
Democrat
Bennie Thompson
Mississippi
Democrat
Emanuel Cleaver
Missouri
Democrat
Albio Sires
New Jersey
Democrat
Bonnie Watson Coleman
New Jersey
Democrat
Donald Payne Jr.
New Jersey
Democrat
Yvette Clarke
New York
Democrat
G. K. Butterfield
North Carolina
Democrat
James E. Clyburn
South Carolina
Republican
Mark Green
Tennessee
Democrat
Al Green
Texas
Democrat
Stacey Plaskett
U.S. Virgin Islands
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

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.

Text (1)
Introduced in House
June 19, 2019
Actions (2)
06/19/2019
Referred to the House Committee on Education and Labor.
06/19/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 1:51:01 PM
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