s 40935 1170824400 false 1170824400 511 318 110 300022

2/7/2007--Introduced.<br/>Student Borrower Bill of Rights Act of 2007 - Urges the Department of Education to enforce vigorously rules requiring lenders to complete lender verification certificates in a timely manner for borrowers seeking to consolidate loans. Amends the Higher Education Act of 1965 to require specified loan participants under the Federal Family Education Loan (FFEL) and Federal Perkins Loan programs to disclose to each national credit bureau organization any on-time payments made for such loans and their status as student loans. Requires FFEL consolidation loan borrowers or lenders to pay the Department 1% of the balance owed on the sum of such loans to obtain a subsequent FFEL consolidation loan. Allows borrowers to refinance Federal Direct Consolidation Loans. Creates a student borrower bill of rights. Requires the Secretary to limit a federal student loan borrower's monthly payments on the basis of the borrower's income. Revises the requirement that the Secretary discharge the liability of a permanently and totally disabled borrower by repaying the amount owed on the loan. Requires such a discharge even if a borrower, although not permanently and totally disabled, is unable to engage in any substantial gainful activity because of a medically determinable impairment which can be expected to result in death or last at least 60 continuous months. Amends federal bankruptcy law to allow discharge of certain educational benefit overpayments, repayments, and student loan debt. Directs the Secretary to study the interest rates and fees charged to private student loan borrowers. Limits the collection fee on defaulted federal student loans and the total interest and fees that can be imposed on such loan borrowers. Requires institutions of higher education (IHEs) that enroll students receiving assistance, and tout the employment prospects of their graduates, to make information publicly available concerning graduates' employment, earnings, and loan defaults. Establishes an appeals and settlement process for federal student loan borrowers who suffer economic losses from violation of their rights. Makes IHEs liable to a federal student loan borrower for the total amount of a student loan if they provide specified prohibited incentives to admissions officers to secure student enrollments or financial aid. Prohibits participating IHEs from causing unnecessary loan processing delays for borrowers who use lenders they do not recommend or suggest.<br/>

1170824400 2007-02-07 Fri Nov 07 13:22:12 -0600 2008 introduced 40935 'bill':2 'fair':24 'loan':18,27 'make':23 'time':14 'basic':8 'right':9,12,21 'borrow':6 'includ':10 'inform':15 'provid':4 'purpos':32 'reason':26 'payment':28 'student':5 41106 official action 40935 1170824400 Wed Feb 07 00:00:00 -0600 2007 105230 Introductory remarks on measure. (CR S1711) C001041 1947-10-26 Hillary 'd':4 'ny':5 'sen':1 'clinton':3,7,9 'hillari':2,6,8 F 300022 Clinton Hillary_Clinton Rodham Sen. Hillary Clinton [D, NY] N00000019 25153 Democrat Methodist NY Hillary Clinton 3.33846153846154 B000711 1940-11-11 112 Hart Senate Office Building http://boxer.senate.gov/contact/email/policy.cfm 202-224-0454 Barbara 'd':4 'ca':5 'sen':1 'boxer':3,7,9 'barbara':2,6,8 F 300011 Boxer Barbara_Boxer Sen. Barbara Boxer [D, CA] N00006692 28215 Democrat 202-224-3553 Jewish CA Barbara Boxer 2.46818181818182 http://boxer.senate.gov SenatorBoxer K000148 1943-12-11 218 Russell Senate Office Building http://kerry.senate.gov/contact/email.cfm 202-224-8525 John 'd':4 'ma':5 'sen':1 'john':2,6,8 'kerri':3,7,9 M 300060 Kerry John_Kerry Forbes Sen. John Kerry [D, MA] N00000245 13980 Democrat 202-224-2742 Roman Catholic MA John Kerry 2.64 http://kerry.senate.gov/ L000304 1942-02-24 706 Hart Senate Office Building http://lieberman.senate.gov/contact/ 202-224-9750 Joseph 'ct':5 'sen':1 'joseph':2,6,8 'lieberman':3,7,9 M 300067 Lieberman Joseph_Lieberman I. Sen. Joseph Lieberman [I, CT] N00000616 12615 Independent 202-224-4041 Jewish CT Joseph Lieberman 3.13253012048193 http://lieberman.senate.gov/ M000702 1936-07-20 503 Hart Senate Office Building http://mikulski.senate.gov/Contact/contact.cfm 202-224-8858 Barbara 'd':4 'md':5 'sen':1 'barbara':2,6,8 'mikulski':3,7,9 F 300073 Mikulski Barbara_Mikulski A. Sen. Barbara Mikulski [D, MD] N00001945 9640 Democrat 202-224-4654 Roman Catholic MD Barbara Mikulski 2.68888888888889 http://mikulski.senate.gov/ action 40935 1170824400 Wed Feb 07 00:00:00 -0600 2007 105230 Introductory remarks on measure. (CR S1711) introduced 40935 1170824400 Wed Feb 07 00:00:00 -0600 2007 92958 action 40935 1170824400 Wed Feb 07 00:00:00 -0600 2007 115129 Sponsor introductory remarks on measure. (CR S1711) action 40935 1170824400 Wed Feb 07 00:00:00 -0600 2007 92959 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.