S. 4247 · 116th Congress
Student Loan Repayment and FAFSA Simplification Act
- Stage
- In committee
- Sponsor
- Lamar Alexander
- Introduced
- 2020-07-21
- Latest action
- 2020-07-21 · Introduced in Senate
Summary
Student Loan Repayment and FAFSA Simplification Act
This bill replaces existing federal student loan repayment plans with one standard 10-year repayment plan and one income-based repayment plan. It also revises the process for filing a Free Application for Federal Student Aid.