Student Debt Relief and College Affordability Act

Senate Bill 4459 - Student Debt Relief and College Affordability Act: Overview, Status, and Impact

Hozzl · 2024-03-13T03:38:32Z

Explore the details of Senate Bill 4459 Student Debt Relief and College Affordability Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Education. Stay informed on legislative developments.

3/13/2024, 3:38 AM

Congressional Summary of S 4459

Student Debt Relief and College Affordability Act

This bill makes changes to the Federal Pell Grant program and addresses repayment options, loan disclosures, and loan counseling for student loans.

For example, the bill (1) directs the Department of Education (ED) to provide federal student loan forgiveness and cancellation for recipients of Pell Grants, (2) increases the maximum Pell Grant award, (3) terminates interest capitalization and origination fees for Federal Direct Loans, and (4) requires ED to maintain online counseling tools that provide borrowers with entrance and exit student loan counseling.

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Current Status of Bill S 4459

Bill S 4459 is currently in the status of Bill Introduced since June 23, 2022. Bill S 4459 was introduced during Congress 117 and was introduced to the Senate on June 23, 2022. Bill S 4459's most recent activity was Read twice and referred to the Committee on Finance. as of June 23, 2022

Bipartisan Support of Bill S 4459

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 4459

Primary Policy Focus

Education

Alternate Title(s) of Bill S 4459

Student Debt Relief and College Affordability Act

Affordable Loans for Any Student Act

A bill to provide targeted relief for student borrowers, improve the affordability of higher education, provide reforms to the student loan system, and for other purposes.