An unemployed student who lost his mother to a drug overdose has been granted permission to apply for the National Student Loan Repayment Act of 2017 (SNLRA).
In the new law, students are now entitled to loan forgiveness for student loan debt.
In 2018, the U.S. House of Representatives passed the Student Loan Debt Relief and Repayal Act.
The Senate voted on the bill last week.
The bill would extend federal student loan forgiveness to anyone who had a family member or close friend who died in poverty, and the new legislation would extend the law to anyone whose income was less than 200 percent of the federal poverty line, or $11,924 for a family of four.
It’s unclear if the bill will be approved by the Senate, though the House is expected to approve it as well.
The federal Student Loan Reauthorization Act of 2018 would have made it easier for students to refinance their loans and help students avoid foreclosure.
However, it would have provided a five-year delay in the ability of the borrower to refract that loan into a mortgage.
The Senate bill has the potential to be much more beneficial.
The House bill does not, and its failure would likely make a lot of people very, very wealthy.
In 2017, the House passed a bill that would have repealed the Fair Debt Collection Practices Act, a federal law that requires companies that collect debts from people to verify their debts.
The law requires companies to collect debts in accordance with a standard that is less stringent than the debt collection practices of other major consumer organizations.
It was passed by Congress in response to a massive lawsuit by two young women who were allegedly abused by a debt collection agency.
The women sued the agency, and a federal judge in March 2018 ordered the agency to repay the debt to the women, who are now deceased.
