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Proposal:Student Loan Disclosure Modernization Act

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.
Bill HR 63
Type of Legislation House Bill
Congress 116
Source View original on Congress.gov
Geographic Scope
National

Description

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.

Bill Title

Student Loan Disclosure Modernization Act

Linked Goals

Steps

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

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.

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