S. 3055 · 116th Congress
Student Loan Repayment Freedom Act
- Stage
- In committee
- Sponsor
- Lisa Murkowski
- Introduced
- 2019-12-16
- Latest action
- 2019-12-16 · Introduced in Senate
Summary
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.