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The Debt Resistors’ Operations Manual

Rolling Jubilee

Student Loan Bill Tracker

If you like a bill, tell your senator or representative to co-sign it.

Bills with the Most Press Right Now:

Senate Bills

S. 2432 (Bank on Students Loan Fairness Act) - Elizabeth Warren's bill to give student loan borrowers the same interest rate as 'Too Big To Fail' banks. Major co-sponsor Sherrod Brown. Formerly S. 897 which was voted down in the Senate by these Republicans on 6/11/2014.
Official Status: 7/8/2014 - Reintroduced under new bill number after failed cloture vote. President Obama has voiced support for the bill.

S. 1066 (Federal Student Loan Refinancing Act) - Dept. of Ed. FFELP and Direct Loans carrying interest rates above 4% would automatically change into fixed 4% loans.
Status: 5/19/2013 - Announced by the Sponsor Senator Kirsten Gillibrand

S. 1266 (Federal Student Loan Refinancing Act) - Authorize the Department of the Treasury to create opportunities for private student loan borrowers to take advantage of the current low interest rates will ensure that borrowers pay rates that reflect their credit risk so that they may pursue economically productive activities like buying a home or starting a small business.
Status: 7/1/2013 - Announced by the Sponsor Senator Sherrod Brown

S. 114 (Fairness for Struggling Students Act of 2013) - Only in 2005, one year after Sallie Mae became 100% private, did private student loans suddenly get protected from consumer bankruptcy laws. This is not the best solution since it would encourage people to borrow during college and then declare bankruptcy upon graduation, but it would be better than not acting on the problem. Fomerly S. 3219 (Private Student Loan Bankruptcy Fairness Act of 2010) which got stuck in the Senate Committee on the Judiciary and then S. 1102 (Private Student Loan Bankruptcy Fairness Act of 2011) which also died in the same committee.
Status: 1/23/2013 - Referred to Senate Committee on the Judiciary.

S. 1068 (Private Student Loan Debt Swap Act of 2011) - This is Senator Brown's (D-OH) bill. It's way better than the bankruptcy versions below since it wouldn't severely negatively affect our credit score. Formerly S. 1541 (Private Student Loan Debt Swap Act of 2009) which got stuck in Senate Committee on Health, Education, Labor, and Pensions.
Status: 5/25/2011 - Referred to Senate Committee on Health, Education, Labor, and Pensions.

S. 2733 (Private Education Loan Ombudsman Act) - This is Senator Brown's (D-OH) bill. It's a good step towards holding Sallie Mae's despicable practices accountable.
Status: 11/5/2009 - Stuck in Senate Committee on Health, Education, Labor, and Pensions.

S. 3281 (Forgiveness and Repayment Assistance Act of 2010) - Lowers payment amounts from 10% to 7% for the Federal Direct income-based repayment plans and lowers forgiveness from 20 years to 15 years for 2014+ students only.
Status: 4/29/2010 - Stuck in Senate Committee on Health, Education, Labor, and Pensions.

House Bills

H.R. 4582 (Bank on Students Loan Fairness Act) - House version of Warren's S. 2432. Formerly H.R. 1979 prior to the failed Senate cloture vote.
Status: 5/14/2013 - Referred to House Committee on Education and the Workforce.

H.R. 3892 (Student Borrower Bill of Rights Act) - Returns standard bankruptcy protections and statutes of limitations to ALL student loans, does away with social security and wage garnishment, and greatly improves the public service forgiveness program.
Status: 1/15/2014 - Reintroduced by Boxer, Durbin, Warren, Reed. Formerly stuck, possibly in Committee, in 2006 and again in 2008.

H.R. 532 (Private Student Loan Bankruptcy Fairness Act of 2013) - House version of S. 114. Formerly H.R. 5043 (Private Student Loan Bankruptcy Fairness Act of 2010) which passed Commercial and Administrative Law subcommittee but got stuck in House Judiciary committee and then H.R. 2028 (Private Student Loan Bankruptcy Fairness Act of 2011) which also died in the same committee.
Status: 2/6/2013 - Referred to House Committee on the Judiciary.

H.R. 4170 (Student Loan Forgiveness Act of 2012) - The "10/10" plan. Repayment capped at 10% disposable income, remainder forgiven after 10 years. New borrowers after bill passed will only be able to have first $45,520 forgiven to prevent "moral hazard." Old borrowers are safe. Reduces public service forgiveness to 5 years. 3.4% cap on all new Fed loans including the private loans you can now consolidate with the Fed.
Status: 5/26/2011 - Referred to House Committee on Education and the Workforce.

H.R. 953 (Make College Affordable Act of 2011) - Ron Paul's plan to make higher education more affordable by providing a full tax deduction for higher education expenses and interest on student loans.
Status: 3/8/2011 - Referred to House Committee on Ways and Means.

H.R. 5055 (College Debt Swap Act of 2010) - House version of Brown's S. 1541. The "adverse credit history" clause is worrying. If we can't pay the private student loans now, hence the reason for this bill, we're going to have adverse credit history.
Status: 4/30/2010 - In process. Currently in House Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

H.R. 3149 (Equal Employment for All Act) - Safeguards student loan debtors by preventing employers from making decisions based on credit scores.
Status: 9/23/2010 - Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

H.R. 4834 (Student Debt Reduction Act) - Extends 2014+ repayment terms and repayment amounts to all Federal Direct customers.
Status: 4/30/2010 - In process. Currently in House Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

H.R. 5078 (Higher Education Affordability and Equity Act of 2010) - Makes all educational expenses, including interest on student loans, tax deductible with no caps on amounts.
Status: 4/20/2010 - Stuck in House Committee on Ways and Means.

H.R. 4574 (Student Loan Interest Full Deductibility Act) - More limited version of above.
Status: 2/2/2010 - Stuck in House Committee on Ways and Means.

H.R. 5458 (Christopher Bryski Student Loan Protection Act) - Increase transparency and disclosure requirements for private loans, and provide for relief if the borrower died. Does not help monthly payments.
Status: 9/29/2010 - Passed to Senate. Stuck there in Senate Committee on Health, Education, Labor, and Pensions.