S 2895
110th Congress
Senate
Education
Economics and Public Finance
Federally-guaranteed loans
Finance and Financial Sector
Foreclosure
Higher education
Housing and Community Development
Loan defaults
Mortgages
Student loan funds
PLUS Loan Borrower Protection Act of 2008
Introduced: April 21, 2008
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 21, 2008
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S3208-3209)
Apr 21, 2008
Sponsor introductory remarks on measure. (CR S3208)
Apr 21, 2008
Introduced in Senate
Plain-English summary
PLUS Loan Borrower Protection Act of 2008 - Amends the Higher Education Act of 1965, with respect to eligibility for a PLUS Federal Family Education Loan, to specify an extenuating circumstance for purposes of determining if a borrower has an adverse credit history on the basis of a mortgage loan delinquency or foreclosure.
Declares that an extenuating circumstance exists if, at any time from January 1, 2007, through December 31, 2112, the borrower is 90 or more days delinquent on mortgage loan payments, or foreclosure proceedings have been initiated, with respect to the borrower's primary residence.
What's happening now
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S3208-3209)
Committees of jurisdiction
1