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Student Loan Fair Prepayment Act
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
87pct
154d open
vs 6,526 other HR bills in the 114th — cohort avg 56d
Student Loan Fair Prepayment Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to require a student loan borrower's prepayment amount on a Federal Family Education Loan, Federal Direct Loan, or Federal Perkins Loan to be applied first toward outstanding fees and then, unless a borrower requests otherwise, in the following order: (1) toward the principle due on the loan with the highest interest rate, if multiple loans have different interest rates; and (2) toward the principle due on the loan with the highest balance, if multiple loans have the same interest rate. Additionally, it amends the Truth in Lending Act to require a borrower's prepayment amount on a private education loan to be applied first toward outstanding fees and then, unless a borrower requests otherwise, in the following order: (1) toward the principle due on the loan with the highest interest rate, if multiple loans have different interest rates; and (2) toward the principle due on the loan with the highest balance, if multiple loans have the same interest rate.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (1)
2016 · fourth_quarter · Education
S.108 Financial Aid Simplification and Transparency Act of 2015; all S. 840 Student Loan Borrowers Bill of Rights; all S. 3368 The ASPIRE Act: Access, Success, and Persistence in Reshaping Education Act; all H.R. 3675 Student Borrower Fairness Act; all H.R. 3786 Student Loan Fair Prepayment Act; all H.R. 4223 Protecting Our Students by Terminating Graduate Rates that Add to Debt (POST GRAD) Act; all H.R. 5274, the Student Loan Refinancing and Recalculation Act; all H.R. 6161, the Federal Funding Accountability for Sexual Harassers Act; all P.L. 114-95 Every Student Succeeds Act; implementation of teacher preparation provisions Higher Education Act Reauthorization Proposals; college rating systems, graduate student and international student issues; all U.S. Department of Educations Notice of Proposed Rulemaking (NPRM) at 81 Fed. Reg. 48,597 (July 25, 2016-Docket ID ED-2016-OPE-0050); proposed amendment to the State authorization provisions, related to institutions of higher education that offer distance education, all Internal Revenue Service Notice 2016-17, Application of the Market Reforms and Other Provisions of the Affordable Care Act to Student Health Coverage; issues related to student health insurance programs (SHIP), premium subsidies for Graduate Students, all
Referred to the Subcommittee on Higher Education and Workforce Training.
Referred to the Committee on Education and the Workforce, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Congress.gov source codes: H11100, H11100-A
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: Not reported · Firm income: $140,000
Government targets: Army, Dept of (Corps of Engineers), Education, Dept of, HOUSE OF REPRESENTATIVES, Natl Oceanic & Atmospheric Administration (NOAA), Natl Science Foundation (NSF), Office of Management & Budget (OMB), SENATE, U.S. Geological Survey (USGS)
2016 · fourth_quarter · Education
S.108 Financial Aid Simplification and Transparency Act of 2015; all S. 840 Student Loan Borrowers Bill of Rights; all S. 3368 The ASPIRE Act: Access, Success, and Persistence in Reshaping Education Act; all H.R. 3675 Student Borrower Fairness Act; all H.R. 3786 Student Loan Fair Prepayment Act; all H.R. 4223 Protecting Our Students by Terminating Graduate Rates that Add to Debt (POST GRAD) Act; all H.R. 5274, the Student Loan Refinancing and Recalculation Act; all H.R. 6161, the Federal Funding Accountability for Sexual Harassers Act; all P.L. 114-95 Every Student Succeeds Act; implementation of teacher preparation provisions Higher Education Act Reauthorization Proposals; college rating systems, graduate student and international student issues; all U.S. Department of Educations Notice of Proposed Rulemaking (NPRM) at 81 Fed. Reg. 48,597 (July 25, 2016-Docket ID ED-2016-OPE-0050); proposed amendment to the State authorization provisions, related to institutions of higher education that offer distance education, all Internal Revenue Service Notice 2016-17, Application of the Market Reforms and Other Provisions of the Affordable Care Act to Student Health Coverage; issues related to student health insurance programs (SHIP), premium subsidies for Graduate Students, all
Client expense: Not reported · Firm income: $140,000
Government targets: Army, Dept of (Corps of Engineers), Education, Dept of, HOUSE OF REPRESENTATIVES, Natl Oceanic & Atmospheric Administration (NOAA), Natl Science Foundation (NSF), Office of Management & Budget (OMB), SENATE, U.S. Geological Survey (USGS)
2016 · third_quarter · Education
S.108 Financial Aid Simplification and Transparency Act of 2015: all S. 590 H.R. 1310 Campus Accountability and Safety Act: all S. 706SOS Campus Act: all S. 840Student Loan Borrowers Bill of Rights: all S.3040Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2017: funding for higher education, education issues S. 3368 The ASPIRE Act, Access, Success, and Persistence in Reshaping Education Act: all H.R. 242 Affordability for Constant and Continued Education to Enhance Student Success Act: all H.R. 2680 HALT Campus Sexual Violence Act: all H.R. 3675 Student Borrower Fairness Act: all H.R. 3786 Student Loan Fair Prepayment Act: all H.R. 3988 Military and Veterans Education Protection Act: all H.R. 4054 Ensuring Quality Education for Veterans Act: all H.R. 4223 Protecting Our Students by Terminating Graduate Rates that Add to Debt Act or POST GRAD Act: all H.R. 5201 Fairness in Forgiveness Act of 2016: all H.R. 5274 Student Loan Refinancing and Recalculation Act: all H.R.5528 Simplifying the Application for Student Aid Act: all H.R. 5538 Department of the Interior, Environment, and Related Agencies Appropriations Act, 2017: humanities programs H.R. 6161 Federal Funding Accountability for Sexual Harassers Act: all P.L. 114-95 Every Student Succeeds Act: implementation of teacher preparation provisions Internal Revenue Service Notice 2016-17, Application of the Market Reforms and Other Provisions of the Affordable Care Act to Student Health Coverage; issues related to student health insurance programs (SHIP) Higher Education Act Reauthorization Proposals: graduate student and international student issues, college ratings systems, all Department of Educations Notice of Proposed Rulemaking (NPRM) at 81 Fed. Reg. 48,598 (July 25, 2016-Docket ID ED-20160OPE-0050), proposed amendments to the State Authorization provisions of the Institutional Eligibility regulations of the Higher Education Act of 1965, as amended (HEA) and to the institutional disclosure requirements of the HEAs Student Assistance General Provisions
Client expense: $100,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), Centers For Medicare and Medicaid Services (CMS), Defense, Dept of (DOD), Education, Dept of, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Library of Congress (LOC), Natl Oceanic & Atmospheric Administration (NOAA), Natl Science Foundation (NSF), Office of Management & Budget (OMB), SENATE, U.S. Geological Survey (USGS)
2016 · second_quarter · Education
S.590/H.R. 1310, Campus Accountability and Safety Act; all S. 706, SOS Campus Act; all S. 840, Student Loan Borrower Bill of Rights; all H.R. 2680, HALT Campus Sexual Violence Act; all Student Debt Challenge; all President's Budget Request for FY 2017; Education issues Higher Education Act Re-authorization Proposals; Higher Education programs; graduate student and international student issues; college ratings systems; all S.3040, FY 2017 Labor, Health and Human Services, and Education Appropriations Act; Education issues H.R. 5538, FY 2017 Department of Interior, Environment, and Related Agencies Appropriations Act; Humanities programs S.108, Financial Aid Simplification and Transparency Act of 2015; all S. 1102/H.R. 2364, Protect Student Borrower Act of 2015; all H.R. 4223, Protecting Our Students by Terminating Graduate Rates that Add to Debt Act or POST GRAD Act; all H.R. 3675, Student Borrower Fairness Act; all H.R. 4054, Ensuring Quality Education for Veterans Act; all H.R. 3988, Military and Veterans Education Protection Act; all H.R. 3786, Student Loan Fair Prepayment Act; all P.L. 114-95, Every Student Succeeds Act; implementation of teacher preparation provisions H.R. 1310, Campus Accountability and Safety Act; all H.R. 5274, Student Loan Refinancing and Recalculation Act; all H.R. 5201, Fairness in Forgiveness Act of 2016; all Proposed Regulations, 2017-2018 FAFSA Form; all H.R. 5528, Simplifying the Application for Student Aid Act; all
Client expense: $160,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), Centers For Medicare and Medicaid Services (CMS), Defense, Dept of (DOD), Education, Dept of, Energy, Dept of, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), Natl Institutes of Health (NIH), Natl Oceanic & Atmospheric Administration (NOAA), Natl Science Foundation (NSF), Office of Management & Budget (OMB), Office of Science & Technology Policy (OSTP), SENATE, U.S. Geological Survey (USGS), White House Office
2016 · first_quarter · Education
S.590, H.R. 1310Campus Accountability and Safety Act, entire bill S. 840, Student Loan Borrowers Bill of Rights, entire bill S. 1102, HR 2364Protect Student Borrower Act of 2015, entire bill H.R. 2680, HALT Campus Sexual Violence Act, entire bill H.R. 4223, Protecting Our Students by Terminating Graduate Rates (POST) Act, entire bill H.R. 3675, Student Borrower Fairness Act, entire bill H.R. 4054, Ensuring Quality Education for Veterans Act, entire bill H.R. 3988, Military and Veterans Education Protection Act, entire bill H.R. 3786, Student Loan Fair Prepayment Act, entire bill P.L. 114-95, Every Student Succeeds Act; implementation of teach preparation provisions H.R. 1310, Campus Accountability and Safety Act, entire bill H.R .3179, Empowering Students Through Enhanced Financial Counseling Act, entire bill H.R. 4661, Parent PLUS Loan Improvement Act of 2016, entire bill Higher Education Act Reauthorization Proposals, entire bill S.108, Financial Aid Simplification and Transparency Act of 2015, entire bill S.706SOS Campus Act, entire bill Making appropriations for the Departments of Labor, Health and Human Services, and Education, and related agencies for the fiscal year ending September 30, 2017, and for other purposes; higher education programs H.R. 4652, Clarity in Lending for Education and Repayment (CLEAR) Act, entire bill Humanities Advocacy, funding for the National Endowment for Humanities
Client expense: $340,000 · Firm income: Not reported
Government targets: Army, Dept of (Corps of Engineers), Defense, Dept of (DOD), Education, Dept of, Energy, Dept of, HOUSE OF REPRESENTATIVES, Natl Aeronautics & Space Administration (NASA), Natl Oceanic & Atmospheric Administration (NOAA), Natl Science Foundation (NSF), SENATE, Veterans Affairs, Dept of (VA)
2016 · first_quarter · Education
S.590, H.R. 1310Campus Accountability and Safety Act, entire bill S. 840, Student Loan Borrowers Bill of Rights, entire bill S. 1102, HR 2364Protect Student Borrower Act of 2015, entire bill H.R. 2680, HALT Campus Sexual Violence Act, entire bill H.R. 4223, Protecting Our Students by Terminating Graduate Rates (POST) Act, entire bill H.R. 3675, Student Borrower Fairness Act, entire bill H.R. 4054, Ensuring Quality Education for Veterans Act, entire bill H.R. 3988, Military and Veterans Education Protection Act, entire bill H.R. 3786, Student Loan Fair Prepayment Act, entire bill P.L. 114-95, Every Student Succeeds Act; implementation of teach preparation provisions H.R. 1310, Campus Accountability and Safety Act, entire bill H.R .3179, Empowering Students Through Enhanced Financial Counseling Act, entire bill H.R. 4661, Parent PLUS Loan Improvement Act of 2016, entire bill Higher Education Act Reauthorization Proposals, entire bill S.108, Financial Aid Simplification and Transparency Act of 2015, entire bill S.706SOS Campus Act, entire bill Making appropriations for the Departments of Labor, Health and Human Services, and Education, and related agencies for the fiscal year ending September 30, 2017, and for other purposes; higher education programs H.R. 4652, Clarity in Lending for Education and Repayment (CLEAR) Act, entire bill Humanities Advocacy, funding for the National Endowment for Humanities
Client expense: $540,000 · Firm income: Not reported
| Democratic |
| CA |
| Sam Farr | Democratic | CA |
| Scott H. Peters | Democratic | CA |
Government targets: Army, Dept of (Corps of Engineers), Defense, Dept of (DOD), Education, Dept of, Energy, Dept of, HOUSE OF REPRESENTATIVES, Natl Aeronautics & Space Administration (NASA), Natl Oceanic & Atmospheric Administration (NOAA), Natl Science Foundation (NSF), SENATE, Veterans Affairs, Dept of (VA)