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114-hr-5898114th Congress

Know Your Repayment Options Act

Sponsored By: Representative Swalwell, Eric [D-CA-14]

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Summary

Know Your Repayment Options Act This bill amends the Higher Education Act of 1965 to require the Department of Education (ED) to annually give federal student loan borrowers who have graduated or departed from school detailed information, including monthly amount and lifetime payment amount, for each repayment option available to the borrower. To provide this individualized information to borrowers, ED must establish a process for annual verification of the borrower's annual income and the outstanding balance of principal and interest due on federal loans. Borrowers may opt out of being provided this information.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Swalwell, Eric [D-CA-14]

CA • D

Cosponsors

  • Rep. Meng, Grace [D-NY-6]

    NY • D

    Sponsored 7/14/2016

  • Rep. Boyle, Brendan F. [D-PA-2]

    PA • D

    Sponsored 7/14/2016

  • Rep. Moulton, Seth [D-MA-6]

    MA • D

    Sponsored 7/14/2016

  • Rep. Kilmer, Derek [D-WA-6]

    WA • D

    Sponsored 7/14/2016

  • Rep. Jeffries, Hakeem S. [D-NY-8]

    NY • D

    Sponsored 7/14/2016

  • Rep. Veasey, Marc A. [D-TX-33]

    TX • D

    Sponsored 7/14/2016

  • Rep. Lieu, Ted [D-CA-36]

    CA • D

    Sponsored 7/14/2016

  • Rep. Keating, William R. [D-MA-9]

    MA • D

    Sponsored 9/22/2016

Roll Call Votes

No roll call votes available for this bill.

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