,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #feig  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #bb1 #bjbj,ms4 
,/efanik 7= h]self1 ,mrs4 ,trahan1 ,mr4 
,smuck]1 ,ms4 ,adams1 ,mrs4 ,lee (      
,nevada1 ,mr4 ,wel*1 ,mr4 ,fitzpatrick1 
& ,mrs4 ,watson ,coleman7 introduc$ !   
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,education & ,labor  ,a   
,,bill  ,to ext5d z]o int]e/ rate       
b5efits & paym5t susp5sion to c]ta9     
,f$]al /ud5t loan borr[]s1 & = o!r      
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,equity 9 ,/ud5t ,loan     
,relief ,act4  #b4 ,l[]+ rates = borr[]s
 ) ,f$]al family education loans  7a7   
,tempor>y program ( ,f$]al subsidy      
paym5ts ,to defray borr[] int]e/ co/s on
 ,f$]al family education loans ,not)/&+ 
any o!r provision ( ! ,high] ,education 
,act ( #aife 7#bj ,u4,s4,c4 #ajga et    
seq471 ! ,secret>y ( ,education %all    
c>ry out a tempor>y program conc]n+ !   
novel coronavirus virus disease         
7,,covid-#ai7 outbreak to provide paym5t

 relief to borr[]s ) loans made "u "p ,b
 ( ! ,high] ,education ,act ( #aife 7#bj
 ,u4,s4,c4 #ajga et seq471 t are n held 
by ! ,f$]al ,gov]nm5t4 7#a7 ,"u !       
program1 ! ,secret>y is direct$ to ent] 
into agreem5ts exp$iti\sly ) eligible   
l5d]s & gu>anty ag5cies to r$uce int]e/ 
rates to #j4jj p]c5t on su* loans & %all
 make paym5ts1 z set =? bel[1 to su*    
eligible l5d]s & gu>anty ag5cies to     
(fset ! co/ ( ! r$uc$ int]e/ rates4 ,"u 
su* agreem5ts1 ! ,secret>y %all-- 7,a7  
make ,f$]al int]e/ subsidy paym5ts on   
behalf ( ea* borr[] ^: loans are held by
 su* eligible l5d] or gu>anty ag5cy     
equal to ! total am\nt ( ! int]e/ on !  
unpaid pr9cipal am\nt ( ! loans1        
calculat$ at ! borr[] int]e/ rates      
e/abli%$ "u section #dbg;,a ( ! ,high]  
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajgg;a72 &  7,b7 make ^! ,f$]al int]e/ 
subsidy paym5ts to an eligible l5d] or  
gu>anty ag5cy on a mon?ly basis1 beg9n+ 
z ( ,m>* #ac1 #bjbj4  7#b7 ,"u ! program
 & effective z ( ,m>* #ac1 #bjbj1 all   

eligible l5d]s & gu>anty ag5cies :o h   
ent]$ agreem5ts ) ! ,secret>y "u ?is    
subsection %all-- 7,a7 tempor>ily waive 
int]e/1 effectively r$uc+ ! int]e/ rates
 *>g$ to borr[]s on loans made "u ?is "p
 to #j4jj p]c5t2  7,b7 provide a report 
to ! ,secret>y no lat] ?an #cj days f ! 
date ( su* agreem5t confirm+ t su*      
int]e/ rates h be5 r$uc$ to #j4jj p]c5t 
effective z ( ,m>* #ac1 #bjbj2 &  7,c7  
cont9ue su* r$uction 9 int]e/ rates     
?r\gh ,septemb] #cj1 #bjbj4  7#c7 ,=    
purposes ( ?is p>agraph1 an eligible    
l5d] includes ! hold] ( ! loan or1 if ! 
hold] acts z eligible l5d] tru/ee = !   
b5eficial own] ( ! loan1 ! b5eficial    
own] ( ! loan4  7#d7 ,no?+ 9 ?is        
p>agraph %all affect paym5t calculations
 "u section #dch ( ! ,high] ,education  
,act ( #aife 7#bj ,u4,s4,c4 #ajhg74  7b7
 ,tempor>y po/ponem5t ( "p b loan       
paym5ts ,not)/&+ any o!r provision ( !  
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajga et seq471 ! ,secret>y   
%all require eligible l5d]s & gu>anty   

ag5cies ) agreem5ts ) ! ,secret>y "u    
subsection 7a7 to susp5d all paym5ts due
 f borr[]s ?r\gh ,septemb] #cj1 #bjbj4  
7#a7 ,consid]ation ( paym5ts ,not)/&+   
any o!r provision ( ! ,high] ,education 
,act ( #aife 7#bj ,u4,s4,c4 #ajja et    
seq471 ! ,secret>y %all deem ea* mon? = 
:i* a loan paym5t 0 susp5d$ "u ?is      
subsection z if ! borr[] ( ! loan _h    
made a qualifi$ paym5t = ! purpose ( any
 loan =giv5ess program & loan           
rehabilitation program au?oriz$ "u !    
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajga et seq474  7#b7 ,report+
 to consum] report+ ag5cies ,dur+ !     
p]iod 9 :i* ! borr[] paym5ts on a loan  
are susp5d$ "u ?is subsection1 !        
,secret>y %all ensure t1 = ! purpose (  
report+ in=mation ab\t ! loan to a      
consum] report+ ag5cy1 any paym5t t has 
be5 susp5d$ is treat$ z if x 7 a        
regul>ly s*$ul$ paym5t made by a borr[]4
  7c7 ,susp5d+ involunt>y collection    
,not)/&+ any o!r provision ( ! ,high]   
,education ,act ( #aife 7#bj ,u4,s4,c4  

#ajga et seq471 ! ,secret>y %all require
 gu>anty ag5cies ) agreem5ts ) !        
,secret>y "u subsection 7a7 to susp5d   
all involunt>y collection relat$ to !   
loan1 ?r\gh ,septemb] #cj1 #bjbj4 ,su*  
ef=ts %all include-- 7#a7 a wage        
g>ni%m5t au?oriz$ "u section #dhh;,a ( !
 ,high] ,education ,act ( #aife 7#bj    
,u4,s4,c4 #ajie;a7 or section #cgbj;,d (
 title #ca1 ,unit$ ,/ates ,code2  7#b7 a
 r$uction ( tax refund by am\nt ( debt  
au?oriz$ "u section #cgbj;,a ( title    
#ca1 ,unit$ ,/ates ,code1 or section    
#fdjb7;d7 ( ! ,int]nal ,rev5ue ,code (  
#aihf2  7#c7 a r$uction ( any o!r ,f$]al
 b5efit paym5t by adm9i/rative (fset    
au?oriz$ "u section #cgaf ( title #ca1  
,unit$ ,/ates ,code 7includ+ a b5efit   
paym5t due to an individual "u ! ,social
 ,security ,act or any o!r provision    
describ$ 9 subsection 7c77#c77;,a77i7 ( 
su* section72 &  7#d7 any o!r involunt>y
 collection activity by ! ,secret>y4    
7d7 ,notice to borr[]s & transition     
p]iod ,to in=m borr[]s ( ! actions tak5 

9 accordance ) ?is section & ensure an  
effective transition1 ! ,secret>y %all  
require eligible l5d]s & gu>anty ag5cies
 ) agreem5ts "u subsection 7a7 to-- 7#a7
 n lat] ?an #ae days aft] ent]+ into su*
 agreem5t1 notify borr[]s-- 7,a7 ( !    
actions tak5 9 accordance ) ?is section 
= :om paym5ts h be5 susp5d$ & int]e/    
waiv$2  7,b7 ( ! actions tak5 9         
accordance ) subsection 7c7 = :om       
collections h be5 susp5d$2  7,c7 ( !    
option to cont9ue mak+ paym5ts t[>d     
pr9cipal2 &  7,d7 t ! program "u ?is    
section is a tempor>y program2 &  7#b7  
beg9n+ on ,augu/ #a1 #bjbj1 c>ry out a  
program to provide n less ?an #f notices
 by po/al mail1 telephone1 or electronic
 communication to borr[]s indicat+--    
7,a7 :5 ! borr[]'s normal paym5t        
obligations w resume2 &  7,b7 t ! borr[]
 has ! option to apply = income-driv5   
repaym5t or o!r repaym5t or =giv5ess    
programs1 includ+ a brief description ( 
su* options4  7e7 ,waiv]s ,9 c>ry+ out  
?is section1 ! ,secret>y may waive !    

application (-- 7#a7 sub*apt] ,i ( *apt]
 #ce ( title #dd1 ,unit$ ,/ates ,code   
7commonly kn[n z ! ,pap]work ,r$uction  
,act72  7#b7 ! ma/] cal5d> requirem5ts  
"u section #dhb ( ! ,high] ,education   
,act ( #aife 7#bj ,u4,s4,c4 #ajhi72     
7#c7 negotiat$ rulemak+ "u section #dib 
( ! ,high] ,education ,act ( #aife 7#bj 
,u4,s4,c4 #ajih;a72 &  7#d7 ! requirem5t
 to publi% ! notices relat$ to ! sy/em (
 records ( ! ag5cy be=e implem5tation   
requir$ "u p>agraphs 7#d7 & 7#aa7 (     
section #eeb;a7e7 ( title #e1 ,unit$    
,/ates ,code 7commonly kn[n z ! ,privacy
 ,act ( #aigd71 except t ! notices %all 
be publi%$ n lat] ?an #ahj days aft] !  
date ( enactm5t ( ?is ,act4