H.R. 4590 · 116th Congress
End Capitalization for Struggling Borrowers Act
- Stage
- In committee
- Sponsor
- Danny Davis
- Introduced
- 2019-10-01
- Latest action
- 2019-10-01 · Introduced in House
Summary
End Capitalization for Struggling Borrowers Act
This bill prohibits the capitalization of interest on a student loan balance after forbearance or certain deferment periods. Capitalization occurs when the interest accrued on a student loan during a period of deferment or forbearance is added to the principal amount of the loan at the expiration of such period.