HR 5126
117th Congress
House
Education
Combating Predatory Lending in Higher Education Act of 2021
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 27, 2021
Referred to the House Committee on Education and Labor.
Aug 27, 2021
Introduced in House
Plain-English summary
Combating Predatory Lending in Higher Education Act of 2021
This bill includes Direct PLUS Loans that are made to graduate students and parents on behalf of dependent students in an institution of higher education's (IHE's) cohort default rate. This rate is the percentage of an IHE's borrowers who enter repayment and default on certain student loans.
Further, the Department of Education must include this information in its annual report on cohort default rates.
What's happening now
Referred to the House Committee on Education and Labor.
Committees of jurisdiction
1
Cosponsors
1