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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.

Highest Impact Bills Right Now:

Bills with the Most Press Right Now:

Senate Bills

S. 1556 (Adjunct Faculty Loan Fairness Act) - Durbin's bill to allow adjunct professors access to the Public Service Loan Forgiveness Program just like full-time professors.
Status: 6/11/2015 - Referred to the Senate Committee on Health, Education, Labor and Pensions.

S. 1373 (College for All Act) - Sanders' bill to make all public colleges tuition and fees free.
Status: 5/19/2015 - Referred to the Senate Committee on Finance.

S. 840 (Student Loan Borrower Bill of Rights) - The Senate version of Obama's proposal, introduced by Dick Durbin with major co-sponsor Elizabeth Warren.
Status: 3/23/2015 - Referred to the Senate Committee on Health, Education, Labor and Pensions.

S. 108 (Financial Aid Simplification and Transparency [FAST] Act) - Bipartisan bill to reduce the FAFSA from 108 questions to 2.
Status: 1/7/2015 - Referred to the Senate Committee on Health, Education, Labor and Pensions.

S. 793 (Bank on Students Emergency Loan Refinancing Act) - Elizabeth Warren's bill to give student loan borrowers the same interest rate as 'Too Big To Fail' banks. President Obama has voiced support for the bill. Major co-sponsor Sherrod Brown. Formerly reintroduced as S. 2432 in the 113th Congress which was voted down in the Senate by these Republicans on 6/11/2014. Formerly S. 897 in the 113th Congress.
Status: 3/18/2015 - Reintroduced and referred to the Senate Committee on Finance.

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. 729 (Fairness for Struggling Students Act of 2015) - 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) and S. 114 (Fairness for Struggling Students Act of 2013) where both also died in the same committee.
Status: 3/12/2015 - 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.

S. 486 (Student Loan Sunshine Act) - Ted Kennedy's bill to increase transparency around student loans.
Status: 5/9/2007 - House version (H.R. 890) passed. Never voted on in Senate.

S. 2099 (Student Loan Relief Act of 2015) - Senate version of the Republican's H.R. 4102.
Status: 9/29/2015 - Referred to the Senate Committee on Finance.

S.Res. 143 (Resolution supporting efforts to ensure that students have access to debt-free higher education) - Senate version of the Democrat's H.Res. 214.
Status: 4/21/2015 - Referred to the Senate Committee on Health, Education, Labor, and Pensions.

S. 2230 (Investing in Student Success Act of 2014) - Rubio's Income Share Arrangement (ISA) legislation touted by Purdue's Mitch Daniels wherein investors could finance college for a student and the student would agree to pay back a percentage of income for a fixed number of years. The investors only earn a profit if the student is successful. This model has been attempted in the past by companies like Iempower (MyRichUncle) and more recently Lumni. It's also known as human capital investment.
Status: 4/9/2014 - Stuck in the Senate Committee on Finance.

House Bills

H.R. 4436 (Investing in Student Success Act of 2014) - House version of Rubio's Income Share Arrangements legislation.
Status: 6/13/2014 - Stuck in the House Committee on Education and the Workforce's Subcommitee on Higher Education and Workforce Training.

H.R. 2590 (Young Farmer Success Act of 2015) - Adds farming to the list of professions covered by the Public Service Loan Forgiveness Program.
Status: 11/16/2015 - Referred to House Committee on Education and the Workforce's Subcommitee on Higher Education and Workforce Training.

H.R. 4102 (Student Loan Relief Act of 2015) - Would allow private banks to get back into the public guarenteed student loan business (outlawed since 2010) under the guise of student loan refinancing.
Status: 11/19/2015 - Referred to House Committee on Ways and Means.

H.Res. 214 (Resolution supporting efforts to ensure that students have access to debt-free higher education) - Congressional Progressive Caucus' non-binding resolution stating support for debt-free higher education and reducing the burden of existing student loan debt.
Status: 4/21/2015 - Referred to House Committee on Education and the Workforce.

H.R. 1713 (Student Loan Repayment Assistance Act of 2015) - Provides tax breaks to employers who make (minimum $50) monthly payments towards their employees' student loan debt. The payments are excluded from the employees' gross income for federal tax purposes and are capped at $6000/year. Also allows for matching deductable employee contributions up to $6000/year and $50k/lifetime.
Status: 3/26/2015 - Referred to House Committee on Ways and Means.

H.R. 1314 (Bipartisan Budget Act of 2015) - The 2015 budget deal unfortunately had a rider allowing debt collectors to bombard student loan borrowers with unlimited robocall and automated text messages on their mobile phones even if the borrower asks them to stop. Make sure you use Google Voice so you can properly block these jokers.
Status: 11/2/2015 - Passed and signed by Obama into law.

H.R. 1352 (Student Loan Borrowers' Bill of Rights Act) - The House version of Obama's proposal. Returns Chapter 11 bankruptcy protections to student loans, excludes any forgiven student loan debt from taxes, limits defaulted student loan bill collection activities to six years, and strengthens flexible repayment options.
Status: 3/10/2015 - Referred to House Committees on Education and the Workforce, Ways and Means, the Judiciary, and Oversight and Government Reform.

H.R. 449 (Discharge Student Loans in Bankruptcy Act of 2015) - Returns Chapter 11 bankruptcy protections to student loans.
Status: 1/21/2015 - Referred to House Committee on the Judiciary.

H.R. 1434 (Bank on Students Loan Fairness Act) - House version of Warren's S. 793. Formerly H.R. 4582 in the 113th Congress where it got stuck in the House Committee on Education and the Workforce. Formerly H.R. 1979 prior to the 2014 failed Senate cloture vote.
Status: 3/18/2015 - Reintroduced by Joe Courtney into the House.

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.

H.R. 890 (Student Loan Sunshine Act) - House version of Ted Kennedy's bill to increase transparency around student loans.
Status: 5/9/2007 - Passed to Senate.