Search Results: keywords:"loan limits"

  • H. R. 6809 — To amend the Higher Education Act of 1965 to allow certain Federal student loans to be transferred from a parent to a child, and for other purposes.
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    Status:Introduced in House
    Words:1,201

    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.

  • H. R. 6951 — To lower the cost of postsecondary education for students and families.
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    Status:Reported in House
    Words:43,212

    H.R. 6951, titled "College Cost Reduction Act," aims to make postsecondary education more affordable for students and their families in the United States. The bill proposes measures like creating a standard form for financial aid offers, expanding transparency on college...

    Simple Explanation

    H.R. 6951 is a bill that tries to make college cheaper by giving students more help with money, like loans and grants, and asking schools to tell students exactly how much college will really cost.

  • S. 3905 — To amend title I of the National Housing Act to increase the loan limits and clarify that property improvement loans may be used for construction of accessory dwelling units.
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    Status:Introduced in Senate
    Words:1,389

    S. 3905 proposes changes to the National Housing Act to raise the loan limits for property improvements and to specify that loans can be used for building accessory dwelling units, like tiny homes or additional suites on a property. It introduces specific loan amounts for...

    Simple Explanation

    S. 3905 is about letting people borrow more money to fix up their homes or build small extra houses, like tiny homes, in their yards. It also talks about making sure these rules make sense for everyone and wants someone to check how much these little houses really cost.