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- S.1948
S.1948: AFFORD Act
About This Bill
- Introduced Aug. 5, 2015
- Latest Major Action Aug. 5, 2015
Bill Sponsor
Bill Cosponsor
Bill Summary
Access to Fair Financial Options for Repaying Debt Act of 2015 or the AFFORD Act This bill terminates existing federal student loan repayment plan options for borrowers of federal Direct Loan (DL) program loans issued on or after July 1, 2016. It amends title IV (Student Assistance) of the Higher Education Act of 1965 to establish two new repayment plan options. First, the bill creates a new version of the income-based repayment (IBR) plan...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Aug. 5, 2015 |
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
|
Aug. 5, 2015 |
Introduced in the Senate by Jeff Merkley (D-Ore.) |