Sponsor: Rep. Panetta [D-CA]
Cosponsors: 2 (2D; 0R)
NASFAA Realization & Analysis: This bill would establish a comprehensive database of all qualified public service employers that would be easily accessible, streamline communication between those public service employees and the Department of Education, and offer a PSLF certification seal for qualified employers to utilize for recruitment purposes.
H.Roentgen.4600 – In charge Credit Work of 2021
Sponsor: Rep. Grothman [R-WI]
NASFAA Summary & Analysis: This bill seeks to alleviate excessive student loan debt by allowing colleges and universities to provide limits on how much money students can borrow. This bill would allow higher education institutions to limit the amount of a loan that a student may borrow in an academic year based on certain criteria.
S.2020 – Terrorism Survivors Student loan Deferment Act
Sponsor: Sen. Marco Rubio [R-FL]
NASFAA Bottom line & Analysis: This bill would allow survivors of terrorist attacks to receive automatic deferments of their federal student loan payments. This forbearance would not count against the typical three-year maximum deferment allowance, but rather provide a one-year pause for victims. It would also designate the federal agency in charge of investigating the attack as responsible for identifying those victims.
H.Roentgen.4122 – REDI Act
Sponsor: Rep. Babin [R-TX]
Cosponsors: 1 (1D)
NASFAA Summation & Analysis: This bill would allow students in medical and dental school to defer interest accrual on their federal student loans while they are participating in their residency programs.
H.Roentgen.4293 – Supporting America’s More youthful Advertisers Act out-of 2021
Sponsor: Rep. Velazquez [D-NY]
Cosponsors: 5 (5D)
NASFAA Summary & Analysis: This bill would provide up to three years of interest free student loan deferment and up to $20,000 in forgiveness for small business founders in “distressed areas.” It also would provide up to $15,000 for employees of startups anywhere in the United States over the course of five years. Continue reading This statement seeks to help you simplify and modernize this new federal student loan forgiveness program