Affordable Future Loan Program Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 4926 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 4926 To establish a new Guaranteed Student Loan Program. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES August 1, 2024 Mr. Rounds introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions _______________________________________________________________________ A BILL To establish a new Guaranteed Student Loan Program. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Affordable Future Loan Program Act of 2024''. SEC. 2. GOVERNMENT GUARANTEED STUDENT LOAN PROGRAM. At the end of title IV of the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.), add the following: ``PART J--GUARANTEED STUDENT LOAN PROGRAM ``SEC. 499A. STATEMENT OF PURPOSE; NONDISCRIMINATION; APPROPRIATIONS AUTHORIZED. ``(a) Purpose; Discrimination Prohibited.-- ``(1) Purpose.--The purpose of this part is to enable the Se…