HOUSE 1161116th CongressReferred to the House Committee on Education and Labor.
Student Loan Disclosure Modernization Act
- Last Action
- 2/13/2019
Actions
- 2019-02-13Referred to the House Committee on Education and Labor.
- 2019-02-13Introduced in House
- 2019-02-13Introduced in House
CRS Summary
As of 2019-02-13 (00)
Student Loan Disclosure Modernization Act
This bill requires loan disclosure forms for federal student loans to be written in plain language, thus enabling borrowers to understand loan terms, total costs of loans, and estimated monthly repayments. Borrowers must acknowledge in writing that they have read the form before the loans are issued.
Cosponsors (15)
- Jim Banks (R-IN)
- Susan Wild (D-PA)
- David Cicilline (D-RI)
- BENNIE THOMPSON (D-MS)
- Denny Heck (D-WA)
- Ann Kuster (D-NH)
- Ed Case (D-HI)
- Ted Budd (R-NC)
- Brian Fitzpatrick (R-PA)
- Greg Pence (R-IN)
- SHEILA JACKSON LEE (D-TX)
- ALCEE HASTINGS (D-FL)
- Frederica Wilson (D-FL)
- BRAD SHERMAN (D-CA)
- Bradley Schneider (D-IL)
Subjects
- Congressional oversight
- Higher education
- Interest, dividends, interest rates
- Student aid and college costs
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.