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S 968 116th Congress Senate Education Congressional oversight Education programs funding Government Accountability Office (GAO) Government studies and investigations Higher education Student aid and college costs

Protect Student Borrowers Act of 2019

Introduced: April 1, 2019 Introduced by: Reed, Jack Democratic · Rhode Island 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
Apr 1, 2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S2120-2121)
Apr 1, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

Protect Student Borrowers Act of 2019

This bill requires institutions of higher education (IHEs) to assume some of the risk of default for federal student loans.

IHEs must remit risk-sharing payments, based on the amount of defaulted student loans, if 33% or more of their enrolled students have student loans. The Department of Education may reduce or waive the payments under certain circumstances.

The proceeds from the payments must be used for reducing student loan debt, delinquency, or default and increasing Pell grants at IHEs with low default rates that enroll a high percentage of Pell Grant recipients.

What's happening now April 1, 2019

Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S2120-2121)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3
D
Durbin, Richard J.
Illinois · Apr 1, 2019
 D
Murphy, Christopher
Connecticut · Apr 1, 2019
 D
Warren, Elizabeth
Massachusetts · Apr 1, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 968: Protect Student Borrowers Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-968/
MLA
"S. 968: Protect Student Borrowers Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-968/.
Bluebook (legal)
S. 968, 116th Cong. (2026), https://openamerica.io/bill/116-S-968/.
Markdown link
[S. 968: Protect Student Borrowers Act of 2019](https://openamerica.io/bill/116-S-968/)
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