H.R. 8655 · 117th Congress
Responsible Education Assistance through Loan Reforms Act
- Stage
- In committee
- Sponsor
- Virginia Foxx
- Introduced
- 2022-08-05
- Latest action
- 2022-08-05 · Introduced in House
Summary
Responsible Education Assistance through Loan Reforms Act
This bill makes various changes to the federal student loan system, including by (1) limiting the authority of the Department of Education to issue regulations, (2) establishing a new income-based repayment plan, (3) repealing the Public Service Loan Forgiveness program for new borrowers, and (4) allowing certain workforce development programs to be eligible for Pell Grants.