US SB2015 | 2019-2020 | 116th Congress

Status

Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on June 27 2019 - 25% progression, died in committee
Action: 2019-06-27 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

Student Loan Disclosure Modernization Act

Sponsors


History

DateChamberAction
2019-06-27SenateRead twice and referred to the Committee on Health, Education, Labor, and Pensions.

Same As/Similar To

HB63 (Related) 2019-01-03 - Referred to the House Committee on Education and Labor.
HB1161 (Related) 2019-02-13 - Referred to the House Committee on Education and Labor.

Subjects


US Congress State Sources


Bill Comments

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