STUDENT Act

This bill changes the Higher Education Act of 1965 to add a new item to the disclosures given to borrowers of certain Federal student loans. The disclosure would have to show the total amount of interest the borrower would pay over the life of the loan. That total would be calculated using the standard repayment plan that applies based on the total outstanding principal of all of the borrower's loans.

Full text and official record on Congress.gov

Sponsors

• Randy Feenstra Republican sponsor
• 2 cosponsors