Student Loan Repayment Freedom Act This bill authorizes a federal student loan borrower to terminate repayment under an income-based repayment plan and instead elect to repay such loan under any other repayment plan for which they are eligible. Currently, a federal student loan borrower repaying under an income-based repayment plan may only change to the standard repayment plan.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Introduced in Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Education
Government lending and loan guaranteesHigher educationStudent aid and college costsWages and earnings
Student Loan Repayment Freedom Act
USA116th CongressS-3055| Senate
| Updated: 12/16/2019
Student Loan Repayment Freedom Act This bill authorizes a federal student loan borrower to terminate repayment under an income-based repayment plan and instead elect to repay such loan under any other repayment plan for which they are eligible. Currently, a federal student loan borrower repaying under an income-based repayment plan may only change to the standard repayment plan.