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H.R. 4508 (115th): PROSPER Act

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About the bill

Would the GOP’s higher education reform bill make things easier or harder for borrowers and those with high student loans?


The main federal law governing higher education and financial aid is 1965’s Higher Education Act, through which about 75 percent of federal higher education financial aid flows.

The law is reauthorized with some updates every few years, the most recent time being in 2008. Some members of Congress intended to pass another update once more during the current Congress.

However, most Republicans want a more comprehensive overhaul with more major reforms.

What the bill does

The PROSPER Act [H.R. 4508] is that overhaul. Among the bill’s provisionsare:

  • Instead of dozens of different federal student loan options, there would only be one type of loan ...

Sponsor and status

Virginia Foxx

Sponsor. Representative for North Carolina's 5th congressional district. Republican.

Read Text »
Last Updated: Feb 8, 2018
Length: 602 pages
Dec 1, 2017
115th Congress (2017–2019)
Died in a previous Congress

This bill was introduced on December 13, 2017, in a previous session of Congress, but it did not receive a vote.


Position statements

What legislators are saying

Stefanik and Colleagues Markup Prosper Act
    — Rep. Elise Stefanik [R-NY21] (Co-sponsor) on Dec 13, 2017

Messer Bill to Help More Transfer Students Earn Degrees Included in Higher Ed Package
    — Rep. Luke Messer [R-IN6, 2013-2018] (Co-sponsor) on Dec 13, 2017

Rep. Takano Helps Introduce the Aim Higher Act
    — Rep. Mark Takano [D-CA41] on Jul 24, 2018

More statements at ProPublica Represent...

What stakeholders are saying

R Street Institute estimates H.R. 4508 will add $181 billion in new spending through 2027.


Dec 1, 2017

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Dec 13, 2017
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Feb 8, 2018
Reported by House Committee on Education and the Workforce

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

H.R. 4508 (115th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 4508. This is the one from the 115th Congress.

This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 4508 — 115th Congress: PROSPER Act.” 2017. May 8, 2021 <>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from, the official portal of the United States Congress. is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.