S.1712: SIMPLE Act

Author's Summary: "A bill to amend the Higher Education Act of 1965 to provide for the automatic recertification of income for income-driven repayment plans, and for other purposes."

IB's Summary: From the Institute for College Access & Success: "In a strong show of bipartisan effort, Representatives Suzanne Bonamici (D-OR), Ryan Costello (R-PA), Patrick Meehan (R-PA), Seth Moulton (D-MA), and Senator Ron Wyden (D-OR) introduced legislation in both the House and Senate that would help student loan borrowers avoid the devastation of default. At a time when one in four federal student loan borrowers are delinquent or in default on their student loans, the bipartisan SIMPLE Act makes common-sense and urgently needed improvements to make it easier for borrowers to enroll and continue making affordable payments in income-driven repayment (IDR). It also prevents totally and permanently disabled borrowers from seeing their discharged loans reinstated due to a missed deadline."

Status: Introduced on 08/02/2017. Read twice and referred to the Committee on Health, Education, Labor, and Pensions

Link: https://www.congress.gov/bill/115th-congress/senate-bill/1712/text?r=1