,,ii  #aag? ,,congress  #a/ ,session    
,s4 #ajih  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,april #ac1 #bjba,mr4  
,w>n] 7= himself1 ,mr4 ,rubio1 & ,mr4   
,cornyn7 introduc$ ! foll[+ bill2 :i* 0 
read twice & ref]r$ to ! ,committee on  
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to am5d ! ,high] ,education 
,act ( #aife to au?orize borr[]s to     
sep>ate jo9t consolidation loans4  #a4  
,%ort title ,?is ,act may be cit$ z !   
,jo9t ,consolidation ,loan ,sep>ation   
,act4  #b4 ,sep>at+ jo9t consolidation  
loans  7a7 ,9 g5]al ,section #dee7;g7 ( 
! ,high] ,education ,act ( #aife 7#bj   
,u4,s4,c4 #ajhg;e7g77 is am5d$-- 7#a7 by
 /rik+ ,a borr[] & ins]t+ ! foll[+3     
7#a7 ,9 g5]al ,a borr[]  2  7#b7 9 !    
fir/ s5t5ce1 ins]t 7o!r ?an a ,f$]al    
,direct ,consolidation ,loan sep>at$ f a
 jo9t consolidation loan "u p>agraph    
7#b7 ( ?is subsection7 aft] "u ?is "p2 &
  7#c7 by add+ at ! end ! foll[+3  7#b7 
,sep>at+ jo9t consolidation loans  7,a7 
,9 g5]al ,a m>ri$ c\ple1 or #b          

individuals :o 7 previ\sly a m>ri$      
c\ple1 & :o receiv$ a jo9t consolidation
 loan z su* m>ri$ c\ple "u subp>agraph  
7,c7 ( section #dbh;,c7a77#c7 7z su*    
subp>agraph 0 9 effect on ,june #cj1    
#bjjf71 may apply to ! ,secret>y1 9     
accordance ) subp>agraph 7,c7 ( ?is     
p>agraph1 = ea* individual borr[] 9 !   
m>ri$ c\ple 7or previ\sly m>ri$ c\ple7  
to receive a sep>ate ,f$]al ,direct     
,consolidation ,loan "u ?is "p4  7,b7   
,secret>ial requirem5ts ,not)/&+ section
 #dbh;,c7a77#c77;,a7 or any o!r         
provision ( law1 = ea* individual borr[]
 :o applies "u subp>agraph 7,a71 !      
,secret>y %all-- 7i7 aw>d a sep>ate     
,f$]al ,direct ,consolidation ,loan "u  
?is "p t-- 7,i7 %all be = an am\nt equal
 to ! product (-- 7aa7 ! unpaid pr9cipal
 & accru$ unpaid int]e/ ( ! jo9t        
consolidation loan 7z ( ! date t is !   
day be=e su* sep>ate consolidation loan 
is made72 &  7bb7 ! p]c5tage ( ! jo9t   
consolidation loan attributable to !    
loans ( ! individual borr[] = :om su*   

sep>ate consolidation loan is be+ made1 
z det]m9$ on ! basis ( ! loan           
obligations ( su* borr[] ) respect to   
su* jo9t consolidation loan 7z ( ! date 
su* jo9t consolidation loan 0 made72 &  
7,,ii7 has ! same rate ( int]e/ z ! jo9t
 consolidation loan 7z ( ! date t is !  
day be=e su* sep>ate consolidation loan 
is made72 &  7ii7 9 ord] to dis*>ge su* 
individual borr[] f any rema9+          
obligation ) respect to ! p]c5tage ( !  
jo9t consolidation loan describ$ 9      
clause 7i77,i77bb7-- 7,i7 cancel !      
out/&+ balance ( int]e/ & pr9cipal due  
on su* p]c5tage1 9 ! case ( su* a loan  
held by ! ,secret>y2 &  7,,ii7 ?r\gh !  
hold] ( ! loan1 assume ! obligation to  
repay ! out/&+ balance ( int]e/ &       
pr9cipal due on su* p]c5tage1 9 ! case (
 su* a loan made1 insur$1 or gu>ante$ "u
 "p ,b2  7iii7 ensure t su* individual  
borr[] %all n be held liable = !        
repaym5t ( ! p]c5tage ( ! jo9t          
consolidation loan t is n describ$ 9    
clause 7i77,i77bb72  7iv7 9 a case 9 :i*

 a paym5t 0 made "u section             
#dee7m77#a77;,a7 on ! jo9t consolidation
 loan dur+ a p]iod 9 :i* ! individual   
borr[] = :om su* sep>ate consolidation  
loan is be+ made 0 employ$ 9 a public   
s]vice job describ$ 9 section           
#dee7m77#a77;,b71 treat su* paym5t z if 
su* paym5t 7 made on ! sep>ate          
consolidation loan2 &  7v7 9 a case 9   
:i* a paym5t 0 made "u an income cont+5t
 repaym5t plan or an income-bas$        
repaym5t plan describ$ 9 subp>agraph    
7,d7 or 7,e7 ( section #dee7;d77#a71    
respectively1 on ! jo9t consolidation   
loan1 treat su* paym5t z if su* paym5t 7
 made on su* sep>ate consolidation loan4
  7,c7 ,application = sep>ate direct    
consolidation loan  7i7 ,jo9t           
application ,except z provid$ 9 clause  
7ii71 to receive sep>ate consolidation  
loans "u ?is "p1 bo? individual borr[]s 
9 a m>ri$ c\ple 7or previ\sly m>ri$     
c\ple7 %all jo9tly apply "u subp>agraph 
7,a74  7ii7 ,sep>ate application ,an    
individual borr[] 9 a m>ri$ c\ple 7or   

previ\sly m>ri$ c\ple7 may apply = a    
sep>ate consolidation loan "u           
subp>agraph 7,a7 sep>ately & )\t reg>d  
to :e!r or :5 ! o!r individual borr[] 9 
! m>ri$ c\ple 7or previ\sly m>ri$ c\ple7
 applies "u subp>agraph 7,a71 9 a case 9
 :i*-- 7,i7 ! individual borr[] has     
exp]i5c$ f ! o!r individual borr[]--    
7aa7 dome/ic viol5ce 7z def9$ 9 section 
#djjjb7;a7 ( ! ,viol5ce ,aga9/ ,wom5    
,act ( #aiid 7#db ,u4,s4,c4 #acibe      
7a7772 or  7bb7 economic abuse 7includ+ 
behaviors t control su* borr[]'s ability
 to acquire1 use1 & ma9ta9 access to    
money1 cr$it1 or ! jo9t f9ancial        
obligations ( bo? borr[]s72  7,,ii7 !   
individual borr[] c]tifies1 on a =m     
approv$ by ! ,secret>y1 t su* borr[] is 
unable to reasonably rea* or access !   
loan in=mation ( ! o!r individual       
borr[]2 or  7,,iii7 ! ,secret>y det]m9es
 t au?oriz+ ea* individual borr[] to    
apply sep>ately "u subp>agraph 7,a7 w\ld
 be 9 ! be/ fiscal int]e/s ( ! ,f$]al   
,gov]nm5t4  4  7b7 ,con=m+ am5dm5t      

,section #dbh;,c7a77#c77;,b77i77,v7 ( ! 
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajgh-c7c77;,b77i77,v77 is    
am5d$-- 7#a7 by /rik+ or at ! end ( item
 7bb72  7#b7 by /rik+ ! p]iod at ! end (
 item 7cc7 & ins]t+ 2 or2 &  7#c7 by    
add+ at ! end ! foll[+3  7dd7 = !       
purpose ( sep>at+ a jo9t consolidation  
loan into #b sep>ate ,f$]al ,direct     
,consolidation ,loans "u section        
#dee7;g77#b71 except t su* sep>at$      
,f$]al ,direct ,consolidation ,loan may 
n consolidate su* loan ) ! loans        
describ$ 9 section #dbh;,c7a77#d74  4