Sponsor: Rep. Lawson, Jr D-FL
Cosponsors: 4 (4D; 0R)
NASFAA review & Coverage: This bill would expand the six-month payment elegance duration for several Federal Direct Loans to 1 year. Moreover it freezes rate of interest on these loans with this elegance duration.
H.R. 4113 – Public Provider Takes Care Of Act
Sponsor: Rep. Horn D-OK
NASFAA review & Coverage: This bill will allow borrowers signed up for the service that is public forgiveness (PSLF) program to own their loan quantities forgiven intermittently at set markers. The borrower would get 15% of the total amount due on their eligible federal loans cancelled for example, after completing 2 years of eligible employment as well as making on time, eligible, payments during that time. Continue reading “H.R. 4119 – Education Loan Deferment Act”