A bill to defer student loan payments for survivors of sex-based harassment.
Impact
If enacted, SB2872 will amend existing student loan regulations, enabling survivors of sex-based harassment to defer their loan payments for up to three years based on specified circumstances surrounding their educational engagement. This can significantly change the financial dynamics for affected students, offering them the needed time to recover without the additional stress of looming loan repayments. Furthermore, by expanding the definition of what constitutes harassment, the bill aims to cover a broader spectrum of cases that disrupt educational pathways.
Summary
Senate Bill 2872 aims to provide deferment of student loan payments for individuals who are survivors of sex-based harassment. The bill proposes amendments to the Higher Education Act of 1965, specifically addressing how the definitions of sex-based harassment will affect student loan policies. The intent is to alleviate financial burdens on students who have experienced trauma that affects their ability to continue their education and job commitments, allowing them a respite while dealing with the consequences of harassment incidents.
Contention
While SB2872 aims to address an important issue, it may also face points of contention regarding its definition of sex-based harassment and the implementation of loan deferment. Critics might express concerns over potential misuse of the deferment system, questioning how institutions will monitor and verify claims of harassment. Proponents, however, argue that the need for compassionate policies is crucial for the well-being of students whose educational and personal lives have been severely impacted by harassment.
Graduate Opportunity and Affordable Loans ActThis bill limits federal student loan borrowing for graduate and professional students.Specifically, the bill terminates the ability of a graduate or professional student to receive a Direct PLUS Loan. Institutions of higher education (IHEs) must notify their prospective and enrolled graduate and professional students that Direct PLUS Loans terminate on June 30, 2025.Additionally, the bill establishes the aggregate loan limit for Direct Unsubsidized Loans as $65,000 for a graduate student (in addition to the amount borrowed for undergraduate education) and $130,000 for a professional student (in addition to the amount borrowed for undergraduate education).The bill allows IHEs to set lower loan limits.
Supporting Providers of English Language Learning Act or the SPELL Act This bill allows elementary and secondary school teachers who teach English learners, bilingual students, or dual language immersion students to receive additional amounts of student loan forgiveness and loan cancellation.