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HR 3452 118th Congress House Education

Combating Predatory Lending in Higher Education Act of 2023

Introduced: May 17, 2023 Introduced by: Van Duyne, Beth Republican · Texas See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 17, 2023
Referred to the House Committee on Education and the Workforce.
May 17, 2023
Introduced in House
 Plain-English summary Congressional Research Service

Combating Predatory Lending in Higher Education Act of 2023

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 May 17, 2023

Referred to the House Committee on Education and the Workforce.

 Committees of jurisdiction 1