H.R. 7895 · 117th Congress
Combating Excessive Student Debt Act of 2022
- Stage
- In committee
- Sponsor
- Tom Rice
- Introduced
- 2022-05-27
- Latest action
- 2022-05-27 · Introduced in House
Summary
Combating Excessive Student Debt Act of 2022
This bill generally prohibits new Federal Direct PLUS Loans from being made to student loan borrowers on or after July 1, 2023. Additionally, the bill limits the percentage of institutional revenue that may be derived from these loans.