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S 2028 115th Congress Senate Education Congressional oversight Education programs funding Government Accountability Office (GAO) Government studies and investigations Higher education Student aid and college costs

Protect Student Borrowers Act of 2017

Introduced: October 26, 2017 Introduced by: Reed, Jack Democratic · Rhode Island See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 26, 2017
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S6855)
Oct 26, 2017
Introduced in Senate
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 Plain-English summary Congressional Research Service

Protect Student Borrowers Act of 2017

This bill amends the Higher Education Act of 1965 to require institutions of higher education (IHEs) participating in the William D. Ford Federal Direct Loan program to assume some of the risk of default for student loans under the program.

For any fiscal year in which at least 33% of the IHE's student body is participating in the Direct Loan program, the IHE must remit a risk-sharing payment that is based on the amount of its defaulted Direct Loans.

What's happening now October 26, 2017

Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S6855)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Durbin, Richard J.
Illinois · Oct 26, 2017
 D
Murphy, Christopher
Connecticut · Oct 26, 2017
 D
Warren, Elizabeth
Massachusetts · Oct 26, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2028: Protect Student Borrowers Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-S-2028/
MLA
"S. 2028: Protect Student Borrowers Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-2028/.
Bluebook (legal)
S. 2028, 115th Cong. (2026), https://openamerica.io/bill/115-S-2028/.
Markdown link
[S. 2028: Protect Student Borrowers Act of 2017](https://openamerica.io/bill/115-S-2028/)
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