,i #aafth ,,congress #ast ,session ,h4 ,r4 #dejb ,,in ,,the ,,house ,,of ,,representatives ,september #bf1 #bjai,mr4 ,casten of ,illinois 7for himself1 ,ms4 ,haaland1 ,ms4 ,garcia of ,texas1 and ,mr4 ,krishnamoorthi7 introduced the following bill2 which was referred to the ,committee on ,education and ,labor ,a ,,bill ,to eliminate the time limitations on federally subsidized student loans1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,giving ,relief ,and ,dollars to ,undergraduates for ,adequate ,time for ,education ,act or the ,,graduate ,act4 #b4 ,findings ,congress finds the following3 7#a7 ,from #bjae-bjaf1 #c1ijj1jjj students dropped out of college while holding ,federal student debt4 7#b7 ,approximately half of students who dropped out with debt did so because they were unable to secure funding to affordably continue their studies4 7#c7 ,students who drop out are #d4b times more likely to default on their loans than students who graduated and comprise #fc percent of defaults1 in large part because they don't receive the increase in earnings that comes along with a degree4 7#d7 ,eliminating the time limit on taking out federally subsidized loans would allow students who have not hit the borrowing limit to continue to get the funding they need to graduate1 and would give students more flexibility throughout their education4 7#e7 ,eliminating the time limit on taking out federally subsidized loans would ease the administrative burden on colleges' financial aid offices so they can spend their time focused on helping students succeed4 #c4 ,repeal of certain eligibility requirements ,section #dee7q7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhg;e7q77 is repealed4