HR 926 115th Congress House

ASPIRE Act

Official title: To amend the Higher Education Act of 1965 to reduce the principal amount on loans made to STEM majors.

Introduced: March 2, 2017 Introduced by: Soto, Darren Democratic · Florida See on congress.gov

Education Education programs fundingHigher educationScience and engineering educationStudent aid and college costs

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 7, 2017

Referred to the House Committee on Education and the Workforce.

Feb 7, 2017

Sponsor introductory remarks on measure. (CR H1058)

Feb 7, 2017

Introduced in House

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Latest action February 7, 2017

Referred to the House Committee on Education and the Workforce.

Plain-English summary Congressional Research Service

American Science Principal and Interest Reduction and Employment Act or the ASPIRE Act

This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Department of Education to establish a program to cancel 25% of the outstanding balance of principal due on a Federal Direct Loan made to a student or parent of a student who graduates from an undergraduate STEM program.

An undergraduate STEM program is a degree or certificate program related to science, technology, engineering, or mathematics at an institution of higher education.

Bill text 1 version