Sentences with phrase «eliminate loan caps»

The House recently passed a bill that would eliminate loan caps for VA loans, and now it's the Senate's turn to act.

Not exact matches

In addition to capping the interest rate, Nelson's legislation would also eliminate the «loan origination fees» that students are charged to process their student loans.

NDP: Update the Consumer Protection Act to cap ATM fees at a maximum of 50 cents per withdrawal; ensure all Canadians have reasonable access to a no - frills credit card with an interest rate no more than 5 % over prime; eliminate «pay - to - pay» by banks in which financial institutions charge their customers a fee for making payments on their mortgages, credit cards, or other loans; take action against abusive payday lenders; lower the fees that workers in Canada are forced to pay when sending money to their families abroad; direct the CRTC to crack down on excessive mobile roaming charges; create a Gasoline Ombudsperson to investigate complaints about practices in the gasoline market.

S. 2228 — Higher Education Reform and Opportunity Act [Sen. Mike Lee (R - UT)-RSB- would allow states to establish an alternative accreditation system, reduce the myriad student loan programs into one, create one repayment period for undergraduate loans and another for graduate loans, cap borrowing amounts, eliminate student loan forgiveness, and fine schools with poor student loan repayment rates.

The Obama administration has already suggested a very limited set of reforms for PSLF, capping loan forgiveness at $ 57,500 for all students (the maximum that an independent undergraduate can borrow in federal loans) and eliminating the non-Income-Based-Repayment cap.

This bill proposed a cap on graduate student loans at $ 28,500, terminated time - based loan forgiveness, and eliminated the PSLF program.

As always, we urge you to take action to preserve Public Service Loan Forgiveness before Congress moves forward with capping or eliminating this vital program for public service workers.

Last week the House of Representatives passed legislation which included a provision to eliminate the cap on VA loan limits.

Previous versions of the bill (which NAR opposed) also included increases to the downpayment requirement, eliminated the loan limit floor, and eliminated the cap on premium increases.

Provisions in the bill that limit the deductibility of interest on new mortgage loans to $ 500,000, cap property tax deductibility at $ 10,000 for those who can still itemize, eliminate the deduction altogether for second homes, and restrict the utility of the exclusion of gain on the sale of a home would exacerbate the effect.

MAR is happy to report that last week, the Unites States House of Representatives passed legislation that included a provision to eliminate the cap on VA loan limits.

The bipartisan Simpson - Bowles Commission advanced a proposal to cap qualifying mortgages at $ 500,000, give homeowners a 12 percent tax credit and eliminate the deduction for second homes and home equity loans.

In addition, at NAR's urging, lawmakers passed private market flood insurance legislation and voted to eliminate the cap on VA loan limits.