HR 4600 · 117th Congress

Responsible Borrowing Act of 2021

<p><b>Responsible Borrowing Act of </b><strong>2021</strong></p> <p>This bill authorizes institutions of higher education (IHEs) to prorate or limit the amount of a Federal Direct Loan that an enrolled student may borrow for an academic year.</p> <p>The bill specifies the factors that an IHE may use to limit these…

Sponsor

Grothman, Glenn (R-WI)

Introduced

2021-07-21

Policy area

Education

Latest action

Referred to the House Committee on Education and Labor.