About the bill
If a student defaults on their college loans, who should pay — the student or the educational institution itself?
College is more expensive than ever. Student loan debt now totals $1.47 trillion and still rising, more than the total of credit card debt or auto loan debt.
And more and more students are defaulting. Last year, more than 1 million students defaulted on their student loans
Varying proposals have been introduced across the political spectrum.
On the left, Democratic presidential candidate Sen. Elizabeth Warren (D-MA) would cancel student loan debt entirely for tens of millions of people, while fellow candidate Bernie Sanders (I-VT) would eliminate all $1.6 trillion in student loans made by the federal government.
A new bill from a Republican senator offers another idea.
What the ...
Sponsor and status
Sponsor. Junior Senator for Missouri. Republican.
Last Updated: Jul 16, 2019
Length: 2 pages
116th Congress (2019–2021)
This bill was introduced on July 16, 2019, in a previous session of Congress, but it did not receive a vote.
Jul 16, 2019
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
S. 2124 (116th) 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 S. 2124. This is the one from the 116th Congress.
This bill was introduced in the 116th Congress, which met from Jan 3, 2019 to Jan 3, 2021. Legislation not passed by the end of a Congress is cleared from the books.
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GovTrack.us. (2021). S. 2124 — 116th Congress: Skin in the Game Act. Retrieved from https://www.govtrack.us/congress/bills/116/s2124
“S. 2124 — 116th Congress: Skin in the Game Act.” www.GovTrack.us. 2019. April 10, 2021 <https://www.govtrack.us/congress/bills/116/s2124>
Skin in the Game Act, S. 2124, 116th Cong. (2019).
|title=S. 2124 (116th)
|accessdate=April 10, 2021
|author=116th Congress (2019)
|date=July 16, 2019
|quote=Skin in the Game Act
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