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Student Debt Relief and College Affordability Act
Legislative Progress
Introduced
June 23, 2022
Latest Action
June 23, 2022
Primary Sponsor
Catherine Cortez MastoDemocratic(NV)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
0pct
0d open
vs 5,357 other S bills in the 117th — cohort avg 38d
Student Debt Relief and College Affordability Act This bill makes changes to the Federal Pell Grant program and addresses repayment options, loan disclosures, and loan counseling for student loans. For example, the bill (1) directs the Department of Education (ED) to provide federal student loan forgiveness and cancellation for recipients of Pell Grants, (2) increases the maximum Pell Grant award, (3) terminates interest capitalization and origination fees for Federal Direct Loans, and (4) requires ED to maintain online counseling tools that provide borrowers with entrance and exit student loan counseling.
Read twice and referred to the Committee on Finance.
Introduced in Senate
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Sources: Congress.gov