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HR 7872 116th Congress House Education Government lending and loan guarantees Higher education Student aid and college costs

Responsible Borrowing Act of 2020

Introduced: July 30, 2020 Introduced by: Grothman, Glenn Republican · Wisconsin See on congress.gov
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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
Jul 30, 2020
Referred to the House Committee on Education and Labor.
Jul 30, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

Responsible Borrowing Act of 2020

This bill authorizes institutions of higher education (IHEs) to prorate or limit the amount of a Federal Direct Loan that an enrolled student may borrow for an academic year.

The bill specifies the factors that an IHE may use to limit these loans. These factors include the average starting salary for typical occupations pursued by graduates of the program, the enrollment status of the student (i.e., full- or part-time enrollment), the credential level of the program (e.g., degree or certificate), and the year of the program for which the student is seeking the loan.

Upon request of a student whose loan has been prorated or limited, an IHE may increase the amount of the loan within otherwise applicable limits if the student demonstrates special circumstances or exceptional need.

What's happening now July 30, 2020

Referred to the House Committee on Education and Labor.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 7872: Responsible Borrowing Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-7872/
MLA
"H.R. 7872: Responsible Borrowing Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-7872/.
Bluebook (legal)
H.R. 7872, 116th Cong. (2026), https://openamerica.io/bill/116-HR-7872/.
Markdown link
[H.R. 7872: Responsible Borrowing Act of 2020](https://openamerica.io/bill/116-HR-7872/)
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