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Would the GOP’s higher education reform bill make things easier or harder for borrowers and those with high student loans?
The main federal law governing higher education and financial aid is 1965’s Higher Education Act, through which about 75 percent of federal higher education financial aid flows.
The law is reauthorized with some updates every few years, the most recent time being in 2008. Some members of Congress intended to pass another update once more during the current Congress.
However, most Republicans want a more comprehensive overhaul with more major reforms.
The PROSPER Act [H.R. 4508] is that overhaul. Among the bill’s provisionsare:
Sponsor. Representative for North Carolina's 5th congressional district. Republican.
Read Text »This bill was introduced on December 13, 2017, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
CosponsorsBills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
Dec 13, 2017 Ordered ReportedA committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.
Feb 8, 2018 Reported by House Committee on Education and the WorkforceA committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 4508. This is the one from the 115 th Congress.
This bill was introduced in the 115 th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.
We recommend the following MLA -formatted citation when using the information you see here in academic work:
GovTrack.us. (2024). H.R. 4508 — 115th Congress: PROSPER Act. Retrieved from https://www.govtrack.us/congress/bills/115/hr4508
“H.R. 4508 — 115th Congress: PROSPER Act.” www.GovTrack.us. 2017. September 16, 2024
PROSPER Act, H.R. 4508, 115th Cong. (2017).
|url=https://www.govtrack.us/congress/bills/115/hr4508
|title=H.R. 4508 (115th)
|accessdate=September 16, 2024
|author=115th Congress (2017)
|date=December 1, 2017
|work=Legislation
|publisher=GovTrack.us
|quote=PROSPER Act
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