HR 7982 · 117th Congress · Education

Parent PLUS Loan Fairness and Responsibility Act

Introduced 2022-06-08· Sponsored by Rep. Foster, Bill [D-IL-11]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Education and Labor.(2022-06-08)

Plain Language Summary

[AI summary unavailable — showing source text] Parent PLUS Loan Fairness and Responsibility Act This bill allows parent borrowers to transfer their parent PLUS loans to their child under certain circumstances. Among other requirements for a transfer, the child must demonstrate the ability to repay the loan, as determined by the Department of Education. Additionally, the bill makes these transferred loans eligible for income-driven repayment plans.…

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