H.R. 9192, known as the “Streamlining Income-driven, Manageable Payments on Loans for Education Act” or the “SIMPLE Act,” proposes amendments to the Higher Education Act of 1965. The bill aims to help student loan borrowers who are delinquent or rehabilitating defaulted loans by implementing...
Simple Explanation
H.R. 9192 is a plan to make it easier for people who borrowed money for school to pay it back. It tries to automatically help those having trouble by using their income information to find a payment plan they can afford, but they need to know they can say no to sharing this information if they want.