H.R. 6809, titled the "Parent PLUS Loan Fairness and Responsibility Act of 2023," seeks to amend the Higher Education Act of 1965 to enable the transfer of certain federal student loans from a parent to a child. The bill outlines the conditions under which such a transfer can occur, such as...
Simple Explanation
The bill wants to let parents give their student loans to their kids instead, as long as the kids can show they can pay them back. This means the parents won't have to worry about those loans anymore, and the kids will be in charge of paying them.