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FREED Vets Act
11/1/2022, 1:50 PM
Congressional Summary of HR 3598
Federally Requiring Earned Education-debt Discharges for Vets Act or the FREED Vets Act
This bill requires the Department of Education (ED), after providing specified notice, to automatically discharge loans under the Federal Family Education Loan program for certain borrowers who are veterans of the U.S. Armed Forces.
Specifically, ED must
- notify a veteran borrower whom the Department of Veterans Affairs has assigned a rating of total disability for a service-connected disability, or who has been determined to be unemployable due to a service-connected condition, of ED's intent to discharge the borrower's loans;
- provide the borrower with a period of 60 days to opt out of such loan discharge; and
- discharge the veteran borrower's loans if the borrower does not opt out of such loan discharge within 60 days.
Read the Full Bill
Current Status of Bill HR 3598
Bill HR 3598 is currently in the status of Bill Introduced since June 28, 2019. Bill HR 3598 was introduced during Congress 116 and was introduced to the House on June 28, 2019. Bill HR 3598's most recent activity was Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of March 11, 2020
Bipartisan Support of Bill HR 3598
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
69Democrat Cosponsors
48Republican Cosponsors
21Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3598
Primary Policy Focus
EducationPotential Impact Areas
- Disability and paralysis
- Disability assistance
- Government information and archives
- Government lending and loan guarantees
- Higher education
- Income tax exclusion
- State and local taxation
- Student aid and college costs
- Veterans' education, employment, rehabilitation
- Veterans' pensions and compensation
Alternate Title(s) of Bill HR 3598
FREED Vets Act
Federally Requiring Earned Education-debt Discharges for Vets Act
FREED Vets Act
To amend the Higher Education Act of 1965 to automatically discharge the loans of certain veteran borrowers, and for other purposes.
FREED Vets Act
Federally Requiring Earned Education-debt Discharges for Vets Act
Federally Requiring Earned Education-debt Discharges for Vets Act
FREED Vets Act
Comments
Sponsors and Cosponsors of HR 3598
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