To amend the Higher Education Act of 1965 to terminate the authority to make Federal direct PLUS loans, and for other purposes.
Combating Excessive Student Debt Act of 2022
This bill generally prohibits new Federal Direct PLUS Loans from being made to student loan borrowers on or after July 1, 2023. Additionally, the bill limits the percentage of institutional revenue that may be derived from these loans.
Introduced in House
Introduced in House
Referred to the House Committee on Education and Labor.
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