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H.R. 3257 116th Congress House

Student Loan Fairness Act

Official title: To increase purchasing power, strengthen economic recovery, and restore fairness in financing higher education in the United States through student loan forgiv… Show full official titleShow less

Official title: To increase purchasing power, strengthen economic recovery, and restore fairness in financing higher education in the United States through student loan forgiveness, caps on interest rates on Federal student loans, and refinancing opportunities for private borrowers, and for other purposes.

Introduced: June 13, 2019 See on congress.gov
Education Administrative law and regulatory proceduresConsumer Financial Protection BureauEducation programs fundingGovernment employee pay, benefits, personnel management
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Government lending and loan guaranteesHealth care coverage and accessHealth personnelHigher educationIncome tax exclusionInterest, dividends, interest ratesMedical educationStudent aid and college costs
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Jun 13, 2019
Referred to the Committee on Education and Labor, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jun 13, 2019
Introduced in House
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 Latest action June 13, 2019

Referred to the Committee on Education and Labor, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Plain-English summary Congressional Research Service

Student Loan Fairness Act

This bill addresses repayment plans, forgiveness, and applicable interest rates for student loans.

Among other things, the bill

  • establishes an income-based 10/10 Loan Repayment Plan and specifies the calculation of monthly loan payments under the plan for borrowers of Federal Family Education Loans (FFELs) and Direct Loans;
  • establishes a 10/10 Loan Forgiveness Program that provides FFEL and Direct Loan forgiveness to borrowers who, over 10 years, have made 120 monthly payments under the 10/10 Loan Repayment Plan or under another repayment plan that required them to make payments at least as large as those they would have made under the 10/10 Loan Repayment Plan;
  • caps the interest rate on new Direct Loans at 3.4%;
  • revises the Public Service Loan Forgiveness (PSLF) program to forgive the Direct Loans of participants who have made 60 (rather than 120) monthly payments on such loans pursuant to specified repayment plans;
  • includes primary care physicians in medically underserved areas in the PSLF program;
  • allows certain borrowers to consolidate their private education loans as Direct Consolidation Loans;
  • directs the Consumer Financial Protection Bureau to issue regulations that require private education lenders to sell private education loans to the Department of Education (ED) for consolidation as Direct Consolidation Loans; and
  • requires ED to pay the interest that accrues on certain student loans due to the borrower's lack of full-time employment for an interest-free deferment period of up to three years.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 15
All 15 Democratic 10
D
Adams, Alma S.
North Carolina · Jun 13, 2019
 D
Bishop, Sanford D.
Georgia · Jun 13, 2019
Butterfield, G. K.
· Jun 13, 2019
CLAY, WM.
· Jun 13, 2019
 D
Cleaver, Emanuel
Missouri · Jun 13, 2019
 D
Clyburn, James E.
South Carolina · Jun 13, 2019
Fudge, Marcia
· Jun 13, 2019
 D
Hayes, Jahana
Connecticut · Jun 13, 2019
 D
Johnson, Henry C. "Hank"
Georgia · Jun 13, 2019
 D
Kelly, Robin L.
Illinois · Jun 13, 2019
Lawrence, Brenda
· Jun 13, 2019
 D
Norton, Eleanor Holmes
District of Columbia · Jun 13, 2019
 D
Plaskett, Stacey E.
Virgin Islands · Jun 13, 2019
Richmond, Cedric
· Jun 13, 2019
 D
Thompson, Bennie G.
Mississippi · Jun 13, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3257: Student Loan Fairness Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-3257/
MLA
"H.R. 3257: Student Loan Fairness Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-3257/.
Bluebook (legal)
H.R. 3257, 116th Cong. (2026), https://openamerica.io/bill/116-HR-3257/.
Markdown link
[H.R. 3257: Student Loan Fairness Act](https://openamerica.io/bill/116-HR-3257/)
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