It statement allows qualified government consumers to refinance the federal financing when interest levels was shorter

It statement allows qualified government consumers to refinance the federal financing when interest levels was shorter

Mentor: Sen. Murkowski [R-AK]
Cosponsors: 4
Brought:
NASFAA Realization & Studies: 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 Fees Freedom Act

Sponsor: Sen. Murkowski [R-AK]
Cosponsors: 2
Introduced:
NASFAA Summation & payday loans Bogalusa LA Data: 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 inside the Higher education Act out-of 2021

Sponsor: Rep. Van Duyne [R-TX]
Cosponsors: 0
Introduced:
NASFAA Realization & 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 Work

Sponsor: Rep. Turner [R-OH]
Cosponsors: 1 (1D; 0R)
Introduced:
NASFAA Summary & 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 from 2021

Sponsor: Sen. Rubio [R-FL]
Cosponsors: 0
Introduced:
NASFAA Conclusion & Analysis: This bill would eliminate interest and replace it with a one-time, non-compounding origination fee that borrowers will pay over the life of the loan. (mais…)

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