HR 7982
117th Congress
House
Education
Parent PLUS Loan Fairness and Responsibility Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 8, 2022
Referred to the House Committee on Education and Labor.
Jun 8, 2022
Introduced in House
Plain-English summary
Parent PLUS Loan Fairness and Responsibility Act
This bill allows parent borrowers to transfer their parent PLUS loans to their child under certain circumstances. Among other requirements for a transfer, the child must demonstrate the ability to repay the loan, as determined by the Department of Education. Additionally, the bill makes these transferred loans eligible for income-driven repayment plans.
What's happening now
Referred to the House Committee on Education and Labor.
Committees of jurisdiction
1