Student Loan Borrowers’ Bill of Rights Act of 2015
Bill Summary
This bill would establish two centralized websites allowing borrowers to view their loan information more easily, while creating orders for loan services to more clearly disclose changes to the debt and provide fair, affordable payment requirements.
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Opponents say
This bill is not necessary as it allows students who have taken out federal loans to avoid their responsibilities and encourages them to not pick marketable majors in college.
Proponents say
The Student Loan Borrower Bill of Rights will ensure that all borrowers have basic rights and protections as they repay their student loans and more repayment options if they find that, despite their best efforts, they are unable to make their monthly payments in full.