State-Based Education Loan Awareness Act

Refreshed 6 h ago

Introduced 2026-03-16Topic: education

Summary

Summary by the Congressional Research Service

State-Based Education Loan Awareness Act This bill excludes certain arrangements or agreements regarding education loans from the definition of a preferred lender arrangement. A preferred lender arrangement is an arrangement or agreement between a lender and an institution of higher education (IHE) that receives federal funding or assistance (1) under which a lender issues education loans to students attending the IHE; and (2) that relates to the IHE recommending, promoting, or endorsing the education loan products of the lender. The bill provides that arrangements or agreements made under a state-based education loan program do not meet the definition of a preferred lender agreement for purposes of certain required disclosures to student borrowers.

Full text and official record on Congress.gov

Action history

Date	Chamber	Action	Status effect
2026-08-04	Senate	Placed on Senate Legislative Calendar under General Orders. Calendar No. 539.
2026-08-04	Senate	Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.	refer
2026-08-04		Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.	report
2026-07-30	Senate	Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.	refer
2026-03-19	Senate	Committee on Health, Education, Labor, and Pensions. Hearings held.	refer
2026-03-16	Senate	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.	refer
2026-03-16		Introduced in Senate	introduce

Summary

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Action history