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H.R.3959: Pay It Forward College Affordability Act of 2014

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about education
You can read the bill
Sponsor Suzanne Bonamici, D-Ore.
Total Cosponsors 1 (All Democrats)
Introduced Jan. 29, 2014
Latest Major Action June 13, 2014
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Pay It Forward College Affordability Act of 2014 - Direct the Secretary of Education to conduct studies regarding the feasibility of, and options for, implementing the Pay It Forward model for funding postsecondary education.

Directs the Secretary, unless the studies determine that the funding model is not feasible or beneficial, to award competitive matching grants to states to establish and carry out Pay It Forward model state pilot programs.

Limits the number of states and students that may participate in the programs.

Describes the "Pay It Forward model" as a system in which the Secretary, a state, or an institution of higher education (IHE) replaces students' need to borrow under the William D. Ford Federal Direct Loan program by covering all or part of their cost of attending an IHE in exchange for their agreement to contribute a certain percentage (not to exceed 5%) of their annual income for a specified number of years (not to exceed 25 yea...

(Source: Congressional Research Service)

Bill Actions

Date Description
June 13, 2014 Referred to the Subcommittee on Higher Education and Workforce Training.
Jan. 29, 2014 Referred to the House Committee on Education and the Workforce.