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H.R. 1586 117th Congress House

Student Loan Reform Act

Official title: To amend the Higher Education Act of 1965 to direct the Secretary of Education to carry out a program under which an institution of higher education may elect … Show full official titleShow less

Official title: To amend the Higher Education Act of 1965 to direct the Secretary of Education to carry out a program under which an institution of higher education may elect to cosign Federal student loans made to students attending the institution, and for other purposes.

Introduced: March 3, 2021 Introduced by: Scott Perry Republican · Pennsylvania See on congress.gov
Education Debt collectionGovernment information and archivesGovernment lending and loan guaranteesHigher education
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Interest, dividends, interest ratesSchool administrationStudent aid and college costs
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Mar 3, 2021
Referred to the House Committee on Education and Labor.
Mar 3, 2021
Introduced in House
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 Latest action March 3, 2021

Referred to the House Committee on Education and Labor.

 Plain-English summary Congressional Research Service

Student Loan Reform Act

This bill requires the Department of Education to carry out a program that allows participating institutions of higher education (IHEs) to cosign certain Federal Direct Loans made to its enrolled students.

An IHE that participates in the program assumes the obligation to repay the outstanding balance of principal and interest due on the loan over 10 years if the borrower defaults on the loan.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Crenshaw, Dan
Texas · Jun 22, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1586: Student Loan Reform Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-1586/
MLA
"H.R. 1586: Student Loan Reform Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-1586/.
Bluebook (legal)
H.R. 1586, 117th Cong. (2026), https://openamerica.io/bill/117-HR-1586/.
Markdown link
[H.R. 1586: Student Loan Reform Act](https://openamerica.io/bill/117-HR-1586/)
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