118th Congress · HOUSE BILLBILL

H.R. 644Student Loan Borrower Safety Net Act of 2023

To protect borrowers of Federal student loans during the transition period following the end of the COVID-19 student loan repayment pause, and for other purposes.

Education
Introduced Jan 31, 2023
Last action Jan 31, 2023
Pipeline · Bill → Law
Step 1
Introduced
Jan 31, 2023
Step 2
Referred
Jan 31, 2023
Education and Workforce
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill requires the Department of Education (ED) to carry out a program to notify borrowers that normal payment obligations on their federal student loans will resume. Not later than 60 days before payment obligations are no longer suspended (as determined by ED), ED must provide at least six notices to borrowers indicating that their payment obligations will resume. These notices must also indicate the options for (1) enrolling in income-driven repayment plans, (2) participating in ED's Fresh Start program (this program offers special benefits for borrowers with defaulted federal student loans), and (3) rehabilitating or consolidating loans. ED must provide priority notification to cer...

Provisions · 2 sectionsIntroduced in House
Timeline · 2 actions
Jan 31, 2023
Introduced in House
Jan 31, 2023
Referred to the House Committee on Education and the Workforce.