The bill proposes to amend the Higher Education Act of 1965 to include notification and automatic enrollment procedures for borrowers who are.
The bill, known as the "Streamlining Income-driven, Manageable Payments on Loans for Education Act" or the "SIMPLE Act," aims to amend the Higher Education Act of 1965. It introduces notification and automatic enrollment procedures for borrowers who are delinquent on loans. Specifically, the bill mandates that the Secretary of Education notify borrowers who are at least 31 days delinquent on their loans and have not been subject to these procedures in the preceding 120 days.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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