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Responsible Borrowing Act of 2021
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
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vs 9,698 other HR bills in the 117th — cohort avg 63d
Responsible Borrowing Act of 2021 This bill authorizes institutions of higher education (IHEs) to prorate or limit the amount of a Federal Direct Loan that an enrolled student may borrow for an academic year. The bill specifies the factors that an IHE may use to limit these loans. These factors include the average starting salary for typical occupations pursued by graduates of the program, the enrollment status of the student (i.e., full- or part-time enrollment), the credential level of the program (e.g., degree or certificate), and the year of the program for which the student is seeking the loan. Upon request of a student whose loan has been prorated or limited, an IHE may increase the amount of the loan within otherwise applicable limits if the student demonstrates special circumstances or exceptional need.
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)
2022 · first_quarter · Education
H.R.7461 - To amend the Higher Education Act of 1965 to clarify competency-based education, the bill amends the Higher Education Act relating to the offering of competency-based education programs. H.R.7031 - Change of Ownership and Conversion Improvement Act, the bill regulates institutions of higher education that convert from for-profit to nonprofit status. H.R. 7309, Workforce Innovation and Opportunity Act of 2022, the bill would reauthorize workforce training programs. H.R.5376 - Build Back Better Act, the bill would, among other things, increase Pell Grant funding for students at nonprofit and public institutions. S.864 - JOBS Act of 2021, the bill would expand the Pell Grant program to short-term programs offered at nonprofit and public institutions. H.R.2037 - Jumpstart Our Businesses by Supporting Students Act of 2021, the bill would expand the Pell Grant program to short-term programs offered at nonprofit and public institutions. H.R. 5588 - Net Price Calculator Improvement Act. To amend the Higher Education Act of 1965 to make technical improvements to the Net Price Calculator system so that prospective students may have a more accurate understanding of the true cost of college. H.R.4600 - Responsible Borrowing Act of 2021, the bill would allow institutions of higher education the authority to limit student loan borrowing. H.R.2874 - Student Loan Disclosure Modernization Act, the bill would require the Department of Education to prospectively disclose student loan interest rates to borrowers. H.R.1319 - American Rescue Plan Act of 2021, the bill includes emergency COVID funding for institutions of higher education and amends the 90/10 rule. H.R. 2700 - For-profit College Conversion Accountability Act, the bill amends the Higher Education Act of 1965 to describe the process of converting a proprietary institution of higher education to a nonprofit institution of higher education. H.R. 5126 - Combating Predatory Lending in Higher Education Act of 2021, the bill would require that certain loans made to parents on behalf of a dependent student and to graduate students are included in the definition of cohort default rate under the Higher Education Act of 1965, to require the Secretary of Education to report default rates for such loans, and for other purposes.
Referred to the House Committee on Education and Labor.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $220,000 · Firm income: Not reported
Government targets: Education, Dept of, HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE, White House Office
2021 · fourth_quarter · Education
H.R. 5588 - Net Price Calculator Improvement Act. To amend the Higher Education Act of 1965 to make technical improvements to the Net Price Calculator system so that prospective students may have a more accurate understanding of the true cost of college. H.R.4600 - Responsible Borrowing Act of 2021, the bill would allow institutions of higher education the authority to limit student loan borrowing. H.R.2874 - Student Loan Disclosure Modernization Act, the bill would require the Department of Education to prospectively disclose student loan interest rates to borrowers. H.R.1319 - American Rescue Plan Act of 2021, the bill includes emergency COVID funding for institutions of higher education and amends the 90/10 rule. H.R. 2700 - For-profit College Conversion Accountability Act, the bill amends the Higher Education Act of 1965 to describe the process of converting a proprietary institution of higher education to a nonprofit institution of higher education. H.R. 5126 - Combating Predatory Lending in Higher Education Act of 2021, the bill would require that certain loans made to parents on behalf of a dependent student and to graduate students are included in the definition of cohort default rate under the Higher Education Act of 1965, to require the Secretary of Education to report default rates for such loans, and for other purposes.
Client expense: $220,000 · Firm income: Not reported
Government targets: Education, Dept of, HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE, Veterans Affairs, Dept of (VA), White House Office
2021 · third_quarter · Education
H.R. 4502 - FY 2021 Labor-HHS-Education funding bill, the bill is legislation to appropriate federal funds to the Departments of Labor, Human and Health Services, and Education. The funding also provides funding for operations, personnel, equipment, and activities at these federal agencies. H.R. 5588 - Net Price Calculator Improvement Act. To amend the Higher Education Act of 1965 to make technical improvements to the Net Price Calculator system so that prospective students may have a more accurate understanding of the true cost of college. H.R.4600 - Responsible Borrowing Act of 2021, the bill would allow institutions of higher education the authority to limit student loan borrowing. H.R.2874 - Student Loan Disclosure Modernization Act, the bill would require the Department of Education to prospectively disclose student loan interest rates to borrowers. H.R.1319 - American Rescue Plan Act of 2021, the bill includes emergency COVID funding for institutions of higher education and amends the 90/10 rule. H.R. 2700 - For-profit College Conversion Accountability Act, the bill amends the Higher Education Act of 1965 to describe the process of converting a proprietary institution of higher education to a nonprofit institution of higher education. H.R. 5126 - Combating Predatory Lending in Higher Education Act of 2021, the bill would require that certain loans made to parents on behalf of a dependent student and to graduate students are included in the definition of cohort default rate under the Higher Education Act of 1965, to require the Secretary of Education to report default rates for such loans, and for other purposes.
Client expense: $220,000 · Firm income: Not reported
Government targets: Education, Dept of, HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE, Veterans Affairs, Dept of (VA), White House Office