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STUDENT Act
12/29/2022, 5:03 PM
Summary of Bill HR 7964
The STUDENT Act, also known as Bill 117 hr 7964, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to provide support and resources for students in higher education.
The STUDENT Act aims to address various issues facing students, such as access to affordable education, student loan debt, and mental health support. The bill includes provisions for increasing federal funding for Pell Grants, which are need-based grants for low-income students. It also seeks to simplify the Free Application for Federal Student Aid (FAFSA) process, making it easier for students to apply for financial aid.
Additionally, the STUDENT Act includes measures to address student loan debt, such as expanding loan forgiveness programs and capping interest rates on federal student loans. The bill also includes provisions for increasing funding for mental health services on college campuses, recognizing the importance of supporting students' mental well-being. Overall, the STUDENT Act aims to improve access to higher education, reduce financial barriers for students, and support their overall well-being. It is currently being debated in Congress, with supporters arguing that it will help make higher education more accessible and affordable for all students.
The STUDENT Act aims to address various issues facing students, such as access to affordable education, student loan debt, and mental health support. The bill includes provisions for increasing federal funding for Pell Grants, which are need-based grants for low-income students. It also seeks to simplify the Free Application for Federal Student Aid (FAFSA) process, making it easier for students to apply for financial aid.
Additionally, the STUDENT Act includes measures to address student loan debt, such as expanding loan forgiveness programs and capping interest rates on federal student loans. The bill also includes provisions for increasing funding for mental health services on college campuses, recognizing the importance of supporting students' mental well-being. Overall, the STUDENT Act aims to improve access to higher education, reduce financial barriers for students, and support their overall well-being. It is currently being debated in Congress, with supporters arguing that it will help make higher education more accessible and affordable for all students.
Congressional Summary of HR 7964
Student Transparency for Understanding Decisions in Education Net Terms Act or the STUDENT Act
This bill requires loan disclosure forms for federal student loans to include the total amount of interest that would be paid over the life of the loan based on a standard 10-year repayment plan.
Read the Full Bill
Current Status of Bill HR 7964
Bill HR 7964 is currently in the status of Bill Introduced since June 7, 2022. Bill HR 7964 was introduced during Congress 117 and was introduced to the House on June 7, 2022. Bill HR 7964's most recent activity was Referred to the House Committee on Education and Labor. as of June 7, 2022
Bipartisan Support of Bill HR 7964
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
4Democrat Cosponsors
2Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7964
Primary Policy Focus
EducationAlternate Title(s) of Bill HR 7964
STUDENT Act
STUDENT Act
Student Transparency for Understanding Decisions in Education Net Terms Act
To require disclosure of the total amount of interest that would be paid over the life of a loan for certain Federal student loans.
Comments
Sponsors and Cosponsors of HR 7964
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