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H.R. 3630 Student Loan Borrowers' Bill of Rights

Thursday, August 17, 2017   (0 Comments)
Posted by: Joey Barranco
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H.R. 3630

Student Loan Borrowers’ Bill of Rights Act of 2017

        The Student Loan Borrowers’ Bill of Rights Act was introduced in the House on July 28, 2017 and then referred to the committees on Education and the Workforce, Ways and Means, the Judiciary, and Oversight and Government Reform. 

         Title I of the Act provides for rights to consumer protections by reinstating the 6 year statute of limitations for student loans and prohibiting an offset of social security benefits and tax refunds and prohibiting wage garnishments.

         Title II of the Act provides for rights to reasonable repayment options by exclusion from gross income for discharge and including parent plus loans in repayment programs.

        Title III of the Act provides for rights to a meaningful degree by prohibiting suspensions of licenses for loan default and prohibiting loss of access to transcripts for loan default.

          Title IV of the Act provides for a right to loan cancellation for public service careers.

          A copy of H.R. 3630 is here for your review.


    CONTACT

    Commercial Law League of America

    1000 N. Rand Rd., Suite 214
    Wauconda, IL 60084

    Phone: (312) 240-1400    |   Fax: (847) 526-3993

    info@clla.org

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