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- H.R.4256
H.R.4256: Simple Income-Based Repayment Act
About This Bill
- Introduced Dec. 15, 2015
- Latest Major Action March 23, 2016
Bill Sponsor
Bill Version
- Introduced in House - Dec. 15, 2015
Bill Summary
Simple Income-Based Repayment Act This bill amends the Higher Education Act of 1965 to replace several existing federal student loan programs for graduated, extended, income-contingent, and income-based repayment with a single repayment plan that caps annual debt repayments based on the borrower's income. Under the new program, loan payments are made automatically through voluntary wage withholding based on quarterly estimated payments. The...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 23, 2016 |
Referred to the Subcommittee on Higher Education and Workforce Training.
|
| Dec. 15, 2015 |
Referred to House Ways and Means
|
| Dec. 15, 2015 |
Referred to House Education and the Workforce
|
| Dec. 15, 2015 |
Introduced in the House by Patrick Murphy (D-Fla.) |