118th Congress Education
S. 1971: Streamlining Accountability and Value in Education for Students Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill addresses options for student loan repayment and access to federal student loans.
Specifically, the bill reduces the number of repayment options for federal student loans. Currently, a borrower may choose among nine plans for student loan repayment. This bill reduces those options to two: a standard 10-year repayment plan and an income-driven repayment plan.
The bill also requires an institution of higher education (IHE) that participates in federal student aid programs to certify that no federal student aid funds may be used by students for certain educational programs offered by the IHE. In particular, these funds may not be used by (1) an undergraduate student for enrollment in an educational program in which half of the graduates do not earn more than the median high school graduate, and (2) a graduate student for enrollment in an educational program in which half of the graduates do not earn more than the median bachelor's degree recipient.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Bill Cassidy R-LAOriginal
- Tommy Tuberville R-AL
Who scored on this bill
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Other bills by John Cornyn
History
- Introduced in the Senate by John Cornyn.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Health, Education, Labor, and Pensions.