Student Loan Borrower Safety Net Act of 2021
Latest action · Nov 5, 2021 Referred to the House Committee on Education and Labor.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedNov 5, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Student Loan Borrower Safety Net Act of 2021
This bill requires the Department of Education (ED) to carry out a program to notify borrowers that normal payment obligations on their federal student loans will resume.
Not later than 60 days before payment obligations are no longer suspended (as determined by ED), ED must provide at least six notices to borrowers indicating that their payment obligations will resume. These notices must also indicate the options for (1) enrolling in income-driven repayment plans, and (2) rehabilitating or consolidating loans.
ED must provide priority notification to certain borrowers, including those who missed a payment in the first three months of entering repayment on a loan.
The bill allows borrowers to (1) submit an application or reapplication for an income-contingent or income-based repayment plan and self-certify their income and family size, (2) change their repayment plan without a fee, and (3) apply for an economic hardship deferment.
If a borrower misses a payment or payments on a loan during the 60 days after the payment suspension ends, then the loan must be held in administrative forbearance for 90 days.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from Nov 5, 2021 to Nov 15, 2021, with 5 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Alan S. Lowenthal | Original | Nov 5, 2021 |
| D-IL | Danny K. Davis | Original | Nov 5, 2021 |
| D-MO | Emanuel Cleaver | Original | Nov 5, 2021 |
| D-GA | Lucy McBath | Original | Nov 5, 2021 |
| D-PA | Susan Wild | Original | Nov 5, 2021 |
| D-IN | Frank J. Mrvan | Nov 9, 2021 | |
| D-CA | Maxine Waters | Nov 15, 2021 |
Actions 2
Everything that happened, newest first.
- Nov 5, 2021Introduced in House
- Nov 5, 2021Referred to the House Committee on Education and Labor.
Subjects
Assigned by the Library of Congress. Policy area: Education.
Text 1
Each version as it was printed, newest first.
- Nov 5, 2021Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.