House Bill 4590
116th Congress(2019-2020)
End Capitalization for Struggling Borrowers Act
Introduced
Introduced in House on Oct 1, 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
4590
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.
No House votes have been held for this bill.
Summary
End Capitalization for Struggling Borrowers Act
This bill prohibits the capitalization of interest on a student loan balance after forbearance or certain deferment periods. Capitalization occurs when the interest accrued on a student loan during a period of deferment or forbearance is added to the principal amount of the loan at the expiration of such period.
October 1, 2019
10/01/2019
Referred to the House Committee on Education and Labor.
10/01/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 1:49:44 PM