HR 8660 — Student Loan Servicers Accountability Act of 2024
Last action — Referred to the House Committee on Education and the Workforce.
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✓Introduced
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2In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.
Summary
To strengthen requirements for contracts between the Department of Education and Federal student loan servicers, and for other purposes.
Bill Text
- Introduced Introduced in House Current html June 07, 2024
Compared against current U.S. Code AI-generated reading aid — verify against the official bill.
The bill adds new requirements for contracts between the Department of Education and Federal student loan servicers, enhancing oversight and borrower protections.
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Part G of title IV of the Higher Education Act of 1965 (20 U.S.C. 1088 et seq.)
SEC. 494A. CONTRACT REQUIREMENTS FOR FEDERAL STUDENT LOAN SERVICERS. (a) Enhanced Vetting.--Before entering into a contract or other agreement with a Federal student loan servicer for the servicing of Federal student loans, the Secretary shall evaluate the following factors: ...
This new section establishes enhanced vetting procedures for assessing the performance of student loan servicers before contracting.
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Section 455(m) of the Higher Education Act of 1965 (20 U.S.C. 1087e(m))
Each month during which an eligible Federal Direct Loan is in an administrative forbearance described in section 494A(b)(1) shall be treated as a qualifying payment counted for purposes of paragraph (1)(A), regardless of whether the borrower made a payment on such loan during such period.
This addition allows periods of administrative forbearance due to servicer errors to count as qualifying payments for loan forgiveness programs.
Action History
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Referred to the House Committee on Education and the Workforce.
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Introduced in House
Sponsors
- Sara Jacobs · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 546 not signed on
Sponsors (1)
- Jacobs, Sara Democratic
Co-sponsors (0)
None.
Not signed on (546)
546 members have not signed on to this bill.
Show all 546 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HR 8660 do?
- To strengthen requirements for contracts between the Department of Education and Federal student loan servicers, and for other purposes.
- Who sponsors HR 8660?
- HR 8660 is sponsored by Jacobs, Sara (Democratic).
- What is the current status of HR 8660?
- This bill died with 118th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HR 8660?
- Track HR 8660 free on One Click Politics — get push/email alerts when it moves.
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