S 2124
116th Congress
Senate
Education
Government lending and loan guarantees
Higher education
Student aid and college costs
Skin in the Game Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 16, 2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Jul 16, 2019
Introduced in Senate
Plain-English summary
Skin in the Game Act
This bill requires each institution of higher education (IHE) participating in the federal direct student loan program to pay 50% of any student loan balance that is in default for a loan that was used toward the cost of attendance at such IHE.
An IHE may not increase the costs of attendance in order to offset its liability to pay such balances.
What's happening now
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Committees of jurisdiction
1