HR 4590 · 116th Congress · Education
End Capitalization for Struggling Borrowers Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Education and Labor.(2019-10-01)
Plain Language Summary
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End Capitalization for Struggling Borrowers Act This bill prohibits the capitalization of interest on a student loan balance after forbearance or certain deferment periods. Capitalization occurs when the interest accrued on a student loan during a period of deferment or forbearance is added to the principal amount of the loan at the expiration of such period.…
Summarized by Claude AI · Non-partisan · For informational purposes only