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H.R. 8400

BillFederalHouseIn Committee
To amend the Higher Education Act of 1965 to allow certain Federal student loans to be transferred from a parent to a child, and for other purposes.
About This Bill
Committee
Latest Action · September 25, 2020
Referred to the House Committee on Education and Labor.
Congress
116th (2019–2021)
Introduced
September 25, 2020
Cosponsors (0)
None
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Summary

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Parent PLUS Loan Fairness and Responsibility Act This bill allows parent borrowers to transfer their parent PLUS loans to their child under certain circumstances. Among other requirements for a transfer, the child must demonstrate the ability to repay the loan, as determined by the Department of Education.

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