SENATE 1464117th CongressRead twice and referred to the Committee on Health, Education, Labor, and Pensions.
Student Loan Disclosure Modernization Act
- Last Action
- 4/29/2021
Actions
- 2021-04-29Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- 2021-04-29Introduced in Senate
CRS Summary
As of 2021-04-29 (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 (1)
- Joseph Manchin (D-WV)
Subjects
- Congressional oversight
- Higher education
- Interest, dividends, interest rates
- Student aid and college costs
Sourced from Congress.gov (public domain).
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