HR 4590
116th Congress
House
Education
Government lending and loan guarantees
Higher education
Interest, dividends, interest rates
Student aid and college costs
End Capitalization for Struggling Borrowers Act
Introduced: October 1, 2019
Introduced by:
Davis, Danny K.
Democratic
· Illinois
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 1, 2019
Referred to the House Committee on Education and Labor.
Oct 1, 2019
Introduced in House
Plain-English summary
End Capitalization for Struggling Borrowers Act
This bill prohibits the capitalization of interest on a student loan balance after forbearance or certain deferment periods. Capitalization occurs when the interest accrued on a student loan during a period of deferment or forbearance is added to the principal amount of the loan at the expiration of such period.
What's happening now
Referred to the House Committee on Education and Labor.
Committees of jurisdiction
1
Cosponsors
1