S 3055
116th Congress
Senate
Education
Government lending and loan guarantees
Higher education
Student aid and college costs
Wages and earnings
Student Loan Repayment Freedom Act
Introduced: December 16, 2019
Introduced by:
Murkowski, Lisa
Republican
· Alaska
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 16, 2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Dec 16, 2019
Introduced in Senate
Plain-English summary
Student Loan Repayment Freedom Act
This bill authorizes a federal student loan borrower to terminate repayment under an income-based repayment plan and instead elect to repay such loan under any other repayment plan for which they are eligible.
Currently, a federal student loan borrower repaying under an income-based repayment plan may only change to the standard repayment plan.
What's happening now
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Committees of jurisdiction
1