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Congressional Update – Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2017

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The bill below was recently introduced on Capitol Hill and it involves student loans. If you would like to learn more about the bill, please click the link below. But for now, here is a snippet from the bill.

Departments of Labor, Health and Human Services, and Education, and Related Agencies Appropriations Act, 2017

S. 3040 — Introduced

…allocate new student loan borrower accounts to eligible student loan servicers on the basis of their performance compared to all loan servicers utilizing established common metrics, and on the basis of the capacity of each servicer to process new and existing accounts: Provided further, That the Secretary shall, no later than March 1, 2017, allow student loan borrowers who are consolidating Federal student loans to select from any student loan servicer to service their new consolidated student lo…

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