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HOUSE 63116th CongressReferred to the House Committee on Oversight and Reform.

Recognizing the Dominican community's presence and contributions to Hamilton Heights, Washington Heights, and Inwood.

Last Action
1/22/2019

Actions

  • 2019-01-03Referred to the House Committee on Education and Labor.
  • 2019-01-03Introduced in House
  • 2019-01-03Introduced in House

CRS Summary

As of 2019-01-03 (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.

Subjects

  • Congressional oversight
  • Higher education
  • Interest, dividends, interest rates
  • Student aid and college costs
Read on Congress.gov

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.