S 4459
117th Congress
Senate
Education
Student Debt Relief and College Affordability Act
Introduced: June 23, 2022
Introduced by:
Cortez Masto, Catherine
Democratic
· Nevada
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 23, 2022
Read twice and referred to the Committee on Finance.
Jun 23, 2022
Introduced in Senate
Plain-English summary
Student Debt Relief and College Affordability Act
This bill makes changes to the Federal Pell Grant program and addresses repayment options, loan disclosures, and loan counseling for student loans.
For example, the bill (1) directs the Department of Education (ED) to provide federal student loan forgiveness and cancellation for recipients of Pell Grants, (2) increases the maximum Pell Grant award, (3) terminates interest capitalization and origination fees for Federal Direct Loans, and (4) requires ED to maintain online counseling tools that provide borrowers with entrance and exit student loan counseling.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1