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- S.85
S.85: Repay Act of 2015
About This Bill
- Introduced Jan. 7, 2015
- Latest Major Action Jan. 7, 2015
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
12 (4 Democrats, 8 Republicans)
Bill Summary
Repay Act of 2015 Amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Secretary of Education to carry out a simplified income-driven repayment program for students who become new borrowers of William D. Ford Federal Direct Loans (DLs) on or after July 1, 2015. Sets a student's annual repayment obligation under the program at: 10% of the borrower's discretionary income (gross income that exceeds 150% of...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
Jan. 7, 2015 |
Read twice and referred to the Committee on Finance.
|
Jan. 7, 2015 |
Introduced in the Senate by Angus King (ID-Maine) |