Which costs would allow eligible federal borrowers so you’re able to refinance their government financing when rates of interest try reduced
Recruit: Rep. Bonamici [D-OR]
Cosponsors: 7 (7D; 0R)
Lead:
NASFAA Bottom line & Investigation: This bill would payday loans Carson require the Secretary of Education to create an outreach program to borrowers who will be entering repayment after the payment pause created by the COVID-19 pandemic, slated to begin would start at least 60 days prior to the restart of payments, and would include a minimum of 6 reach out attempts, including information like, when the borrower’s normal payment will begin and that the borrower may be eligible to enroll in an IDR plan. Special priority for notifications would be given to borrowers who had in the past five years missed a payment in the first three months of entering repayment, or had been in a non-administrative forbearance or deferment.
S.2984 – State-Centered Student loan Feeling Operate
Sponsor: Sen. Murkowski [R-AK]
Cosponsors: 4
