# 114-hr-3786: Student Loan Fair Prepayment Act

114-hr-3786, Student Loan Fair Prepayment Act, is a 114th Congress bill sponsored by SUSAN DAVIS (D-CA); status Referred to the Subcommittee on Higher Education and Workforce Training. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-3786
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-3786
- Congress: 114
- Title: Student Loan Fair Prepayment Act
- Status: Referred to the Subcommittee on Higher Education and Workforce Training.
- Introduced: 2015-10-21
- Sponsor: SUSAN DAVIS (D-CA)
- Cosponsors: 6
- Policy area: Education
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Student Loan Fair Prepayment Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to require a student loan borrower's prepayment amount on a Federal Family Education Loan, Federal Direct Loan, or Federal Perkins Loan to be applied first toward outstanding fees and then, unless a borrower requests otherwise, in the following order: (1) toward the principle due on the loan with the highest interest rate, if multiple loans have different interest rates; and (2) toward the principle due on the loan with the highest balance, if multiple loans have the same interest rate. Additionally, it amends the Truth in Lending Act to require a borrower's prepayment amount on a private education loan to be applied first toward outstanding fees and then, unless a borrower requests otherwise, in the following order: (1) toward the principle due on the loan with the highest interest rate, if multiple loans have different interest rates; and (2) toward the principle due on the loan with the highest balance, if multiple loans have the same interest rate.

## Cosponsors (6)

- Rep. Peters, Scott H. [D-CA-50] (D-CA), 2015-10-21T00:00:00.000Z
- Rep. Takano, Mark [D-CA-39] (D-CA), 2015-10-26T00:00:00.000Z
- SAM FARR (D-CA), 2015-10-26T00:00:00.000Z
- Rep. Hastings, Alcee L. [D-FL-20] (D-FL), 2015-10-26T00:00:00.000Z
- Rep. Garamendi, John [D-CA-8] (D-CA), 2015-10-28T00:00:00.000Z
- Rep. Wilson, Frederica S. [D-FL-24] (D-FL), 2015-12-15T00:00:00.000Z

## Related bills

- 114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika virus.
- 114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act
- 114-hr-4521: Lake Berryessa Recreation Enhancement Act of 2016
- 114-hr-4479: Families of Flint Act
- 114-hr-3706: Reach Every Mother and Child Act of 2015
- 114-hr-3381: Childhood Cancer STAR Act

## Sources
- [114-hr-3786 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/3786)

## Related
- [114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika viru…](https://policyrisk.com/legislation/114-hr-5044)
- [114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-4592)
- [114-hr-4521: Lake Berryessa Recreation Enhancement Act of 2016](https://policyrisk.com/legislation/114-hr-4521)
- [114-hr-4479: Families of Flint Act](https://policyrisk.com/legislation/114-hr-4479)
- [114-hr-3706: Reach Every Mother and Child Act of 2015](https://policyrisk.com/legislation/114-hr-3706)
- [114-hr-3381: Childhood Cancer STAR Act](https://policyrisk.com/legislation/114-hr-3381)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-3786 (as of 2025-11-18).