Proposal:COVID-19 Graduate Relief Act

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	S 3556
Type of Legislation	Senate Bill
Congress	116
Source	View original on Congress.gov

Geographic Scope

National

Description

COVID-19 Graduate Relief Act

This bill allows students who graduate from institutions of higher education in 2020 to defer payments on their federal student loans for up to three years.

The Department of Education (ED) may extend deferment eligibility to students who graduate in 2021 and 2022, if ED determines that the anticipated economic impact of the coronavirus (i.e., the virus that causes COVID-19 or another coronavirus with pandemic potential) on these graduates necessitates an extension. ED must consider certain factors, such as recent unemployment statistics from the Bureau of Labor Statistics, when determining whether to extend deferment eligibility to these graduates.

Bill Title

COVID-19 Graduate Relief Act

Linked Goals

• Goal:Promote General Welfare

Steps

• 2020-03-20: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
• 2020-03-20: Introduced in Senate

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.