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- S.2456
S.2456: Dynamic Repayment Act of 2016
About This Bill
- Introduced Jan. 20, 2016
- Latest Major Action Jan. 20, 2016
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
Dynamic Repayment Act of 2016 This bill amends the Higher Education Act of 1965 to replace several existing federal student loan programs with a single repayment plan that caps annual debt repayments based on income and forgives remaining balances after 20 or 30 years of payments. The bill terminates the authority of the Department of Education (ED) to make federal Direct Stafford Loans, Direct Unsubsidized Stafford Loans, and Direct PLUS...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Jan. 20, 2016 |
Read twice and referred to the Committee on Finance.
|
| Jan. 20, 2016 |
Introduced in the Senate by Mark Warner (D-Va.) |