In CommitteeFiled May 12, 2026
Sponsor: Rep. Perry, Scott [R-PA-10] (R)
Latest Action
Referred to the House Committee on Education and Workforce.
May 12, 2026
Summary
The bill creates an Institutional Cosigner Program that lets eligible higher‑education institutions voluntarily cosign all direct federal loans for their enrolled students. In exchange, the loans carry a reduced interest rate, and the school assumes repayment if a borrower defaults for more than 90 days and the loan is not rehabilitated. It also changes the cohort‑default‑rate thresholds for schools that join the program.
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