Summary: H.R.4590 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.4590. Bill summaries are authored by CRS.

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Introduced in House (10/01/2019)

End Capitalization for Struggling Borrowers Act

This bill prohibits the capitalization of interest on a student loan balance after forbearance or certain deferment periods. Capitalization occurs when the interest accrued on a student loan during a period of deferment or forbearance is added to the principal amount of the loan at the expiration of such period.