Congressional Update – Student Loan Payment Optimization Act


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.

Student Loan Payment Optimization Act

H.R. 3947 — Introduced

…prepayment and underpayment amounts on student loans, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the “Student Loan Payment Optimization Act”. SEC. 2. APPLICATION OF PREPAYMENT AND UNDERPAYMENT AMOUNTS FOR FFEL AND DIRECT LOANS. (a) In General.–Section 455(d) of the Higher Education Act of 1965 (20 U.S.C. 1087e(d)) is amended by adding at the end the follow…

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