HR 4834 · 111th Congress · Education

Student Debt Reduction Act

Introduced 2010-03-11· Sponsored by Rep. Schauer, Mark H. [D-MI-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.(2010-04-30)

Plain Language Summary

[AI summary unavailable — showing source text] Student Debt Reduction Act - Amends the Higher Education Act of 1965 to cap annual, income-based, student loan repayments under the Federal Family Education Loan and Direct Loan programs at 10% (currently, 15%) of the amount by which a borrower's and the borrower's spouse's adjusted gross income exceeds 150% of the poverty line. Requires the Secretary of Education to cancel or repay such loans after 20 (currently, 25) years.…

Summarized by Claude AI · Non-partisan · For informational purposes only