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HR 8400 116th Congress House Education Consumer credit Family relationships Government lending and loan guarantees Higher education Student aid and college costs Wages and earnings

Parent PLUS Loan Fairness and Responsibility Act

Introduced: September 25, 2020 Introduced by: Foster, Bill 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
Sep 25, 2020
Referred to the House Committee on Education and Labor.
Sep 25, 2020
Introduced in House
 Plain-English summary Congressional Research Service

Parent PLUS Loan Fairness and Responsibility Act

This bill allows parent borrowers to transfer their parent PLUS loans to their child under certain circumstances. Among other requirements for a transfer, the child must demonstrate the ability to repay the loan, as determined by the Department of Education.

What's happening now September 25, 2020

Referred to the House Committee on Education and Labor.

 Committees of jurisdiction 1