Make the Universities Pay Act

Senate Bill 4912 - Make the Universities Pay Act: Overview, Status, and Impact

Hozzl · 2024-03-13T03:43:37Z

Explore the details of Senate Bill 4912 Make the Universities Pay 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, 3:43 AM

Congressional Summary of S 4912

Make the Universities Pay Act

This bill requires institutions of higher education (IHEs) to take certain actions related to federal student loans and addresses other related issues.

For example, the bill (1) makes each IHE participating in the Federal Direct Loan Program liable for 50% of any student loan balance that is in default and was used toward the cost of attendance at the IHE, and (2) expands the instances in which student loans may be discharged in bankruptcy.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill S 4912

Bill S 4912 is currently in the status of Bill Introduced since September 21, 2022. Bill S 4912 was introduced during Congress 117 and was introduced to the Senate on September 21, 2022. Bill S 4912's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of September 21, 2022

Bipartisan Support of Bill S 4912

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 4912

Primary Policy Focus

Education

Alternate Title(s) of Bill S 4912

Make the Universities Pay Act

A bill to amend the Higher Education Act of 1965 to require institutions of higher education to repay a portion of student law default, to make student loan debts dischargeable in bankruptcy, and for other purposes.