,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #deij  ,,in ,,the ,,house ,,of  
,,representatives  ,october #a1         
#bjai,mr4 ,danny ,k4 ,davis of ,illinois
 7for himself1 ,mr4 ,casten of          
,illinois1 and ,ms4 ,spanberger7        
introduced the following bill2 which was
 referred to the ,committee on          
,education and ,labor  ,a ,,bill  ,to   
amend the ,higher ,education ,act of    
#aife to terminate capitalization of    
interest after forbearance and certain  
deferment periods4  #a4 ,short title    
,this ,act may be cited as the ,end     
,capitalization for ,struggling         
,borrowers ,act4  #b4 ,termination of   
capitalization of interest after        
deferment or forbearance  7a7 ,part ,b  
amendments  7#a7 ,subsidized loans      
,section #dbh7;c77#c77;,c7 of the       
,higher ,education ,act of #aife 7#bj   
,u4,s4,c4 #ajgh7;c77#c77;,c77 is        
amended--  7,a7 in clause 7iii71 by     
inserting before the semicolon the      
following3 1 and with respect to a      

forbearance granted to a borrower on or 
after the date of enactment of the ,end 
,capitalization for ,struggling         
,borrowers ,act on a loan made1 insured 
or guaranteed under this section or on a
 ,federal ,direct ,stafford ,loan1      
provide information to the borrower to  
assist the borrower in understanding    
that interest shall accrue on the loan  
but not be capitalized at the expiration
 of such period of forbearance2 and     
7,b7 in clause 7iv7-- 7i7 in subclause  
7,,iii71 by inserting before the        
semicolon at the end the following3 1   
except that this subclause shall not    
apply with respect to any period of     
forbearance beginning on or after the   
date of enactment of the ,end           
,capitalization for ,struggling         
,borrowers ,act2 and  7ii7 in subclause 
7,,iv71 by inserting before the         
semicolon at the end the following3     
except that this subclause shall not    
apply with respect to any period of     
forbearance beginning on or after the   

date of enactment of the ,end           
,capitalization for ,struggling         
,borrowers ,act4  7#b7 ,unsubsidized    
loans ,section                          
#dbh;,h7e77#b77;,a77ii77,,iii7 of the   
,higher ,education ,act of #aife 7#bj   
,u4,s4,c4                               
#ajgh-h7;e77#b77;,a77ii77,,iii77 is     
amended by inserting before the         
semicolon the following3 1 except that  
with respect to a deferment during a    
period described in clauses 7ii7 through
 7iv7 of section #dbg7;a77#b77;,c7 or   
clauses 7ii7 through 7v7 of section     
#dbh7;b77#a77,m71 or any period of      
forbearance beginning on or after the   
date of enactment of the ,end           
,capitalization for ,struggling         
,borrowers ,act1 on a loan made1        
insured1 or guaranteed under this       
section or on a ,federal ,direct        
,unsubsidized ,stafford ,loan1 interest 
shall not be added to the principal     
amount of the loan at the expiration of 
such period4  7b7 ,part ,d amendments   

,subparagraph 7,b7 of section           
#dee7;f77#a7 of the ,higher ,education  
,act of #aife 7#bj ,u4,s4,c4            
#ajhg;e7f77#a77 is amended to read as   
follows3  7,b7 in the case of a ,federal
 ,direct ,,plus ,loan1 a ,federal       
,direct ,unsubsidized ,stafford ,loan1  
or a ,federal ,direct ,consolidation    
,loan not described in subparagraph     
7,a77ii7--  7i7 for a deferment during a
 period described in paragraph          
7#b77;,a71 shall accrue and be          
capitalized or paid by the borrower2 and
  7ii7 for a deferment during a period  
described in subparagraphs 7,b7 through 
7,d7 of paragraph 7#b71 shall accrue but
 not be capitalized4  4