No Debt Forgiveness for SPOILED Students Act

Bill: 118-hr-8468
Sponsor: full_name: Rep. Yakym, Rudy [R-IN-2]
Introduced: 2024-05-21
Policy area: Education
Latest action: action_date: 2024-05-21
text: Referred to the House Committee on Education and the Workforce.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 8468 IN THE HOUSE OF REPRESENTATIVES May 21, 2024 Mr. Yakym introduced the following bill; which was referred to the Committee on Education and the Workforce A BILL To amend the Higher Education Act of 1965 to terminate the eligibility of certain individuals for student loan forgiveness, and for other purposes.

1. Short title This Act may be cited as the No Debt Forgiveness for Self-Centered Pupils at Overpriced Institutions Lacking Effectively Disciplined Students Act or the No Debt Forgiveness for SPOILED Students Act . 2. Termination of loan forgiveness eligibility for certain expulsions or firings Part G of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1088 et seq. ) is amended by adding at the end the following: 494. Termination of loan forgiveness eligibility for certain expulsions or firings (a) In general Beginning on the date of the enactment of this section, a covered individual who is expelled or fired, as applicable, from an institution of higher education for a reason described in subsection (b)— (1) shall not be eligible, with respect to any loan received under this title, for any loan forgiveness, cancellation, or discharge programs under this Act or any other provision of law; and (2) shall repay such a loan under a standard repayment plan under section 455(d)(1)(A), based on a 10-year repayment period. (b) Reasons described The reasons for expulsion or firing are as follows: (1) Hate crime. (2) Disorderly conduct. (3) Trespassing. (4) Creating a public disturbance. (5) Violating titles IV or VI of the Civil Rights Act of 1964 ( 42 U.S.C. 2000a et seq. ). (c) Covered individual defined For purposes of this section, the term covered individual means, with respect to an institution of higher education— (1) an enrolled student; and (2) a faculty member. .