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Parent PLUS Loan Relief: Income-Driven Repayment Options Now Available.

This bill grants parents who borrowed Parent PLUS student loans the ability to use Income-Contingent Repayment (ICR) and Income-Based Repayment (IBR) plans. This change allows monthly loan payments to be adjusted based on the borrower's current income, offering significant financial relief and flexibility to families struggling with debt.
Key points
Parents with Parent PLUS loans can now enroll in Income-Contingent Repayment (ICR) and Income-Based Repayment (IBR) plans, which were previously restricted.
This provides a pathway to potentially lower monthly payments tied directly to the borrower's income level, easing financial strain.
The new rules apply immediately to all outstanding and future Parent PLUS loans and related consolidation loans.
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Additional Information
Print number: 118_HR_9746
Sponsor: Rep. Waters, Maxine [D-CA-43]
Process start date: 2024-09-20
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Affordable PLUS Repayment Options for Parents Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9746.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-09-20.

What are the main provisions?

Key points include:

  • Parents with Parent PLUS loans can now enroll in Income-Contingent Repayment (ICR) and Income-Based Repayment (IBR) plans, which were previously restricted.
  • This provides a pathway to potentially lower monthly payments tied directly to the borrower's income level, easing financial strain.
  • The new rules apply immediately to all outstanding and future Parent PLUS loans and related consolidation loans.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Waters, Maxine [D-CA-43].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and the Workforce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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