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RCP Congressional Bill Tracker - H.R. 2677

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H.R. 2677: To require the Secretary of Education to verify that individuals have made a commitment to serve in the Armed Forces or in public service, or otherwise are a borrower on an eligible loan which has been submitted to a guaranty agency for default aversion or is already in default, before such individuals obtain a consolidation loan.

Title: To require the Secretary of Education to verify that individuals have made a commitment to serve in the Armed Forces or in public service, or otherwise are a borrower on an eligible loan which has been submitted to a guaranty agency for default aversion or is already in default, before such individuals obtain a consolidation loan.

Introduced: Jun 4, 2015 (114th Congress)

Sponsor: (No First Name Found) (No Last Name Found) [-]

Status: Referred to Committee - Referred to the Subcommittee on Higher Education and Workforce Training.

Summary: This bill amends the Higher Education Act of 1965, with respect to eligibility for consolidation loans, to require verification of a borrower's status by the Department of Education in the following cases: for obtaining income-contingent or -based repayment, and only if the loan has been submitted to the guaranty agency for default aversion or where the loan is already in default; for the purposes of using the public service loan forgiveness program; or for the purpose of using the no accrual of interest benefit for active duty service members.

Votes


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