Skip to main content
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
Sign in to write a letter Sign in to watch
 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
 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)

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 3