S. 2895 would amend the Higher Education Act of 1965 to maintain eligibility, for Federal PLUS loans, of borrowers who are 90 or more days delinquent on mortgage loan payments, or for whom foreclosure proceedings have been initiated, with respect to their primary residence.

== Detailed Summary ==

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(Log in to editPLUS Loan Borrower Protection Act of 2008 - Amends the wiki and be the firstHigher Education Act of 1965, with respect to provideeligibility for a detailed summaryPLUS Federal Family Education Loan, to specify an extenuating circumstance for purposes of determining if a borrower has an adverse credit history on the basis of a mortgage loan delinquency or foreclosure.

Declares that an extenuating circumstance exists if, at any time from January 1, 2007, through December 31, 2112, the borrower is 90 or more days delinquent on mortgage loan payments, or foreclosure proceedings have been initiated, with respect to the bill!)borrower's primary residence.


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== Status of the Legislation ==

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Latest Major Action: 4/21/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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== Points in Favor ==

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== Points Against ==

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