3.0.0 1260 2023-01-11T13:22:52Z 2023-01-11T13:22:52Z Senate S S 2011-06-22 112 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2011-06-22T21:45:59Z College Literacy in Finance and Economics Act of 2011 112 2535 HR 2011-09-08 Referred to the Subcommittee on Higher Education and Workforce Training. Related bill CRS 2011-06-23 Sponsor introductory remarks on measure. (CR S4040) IntroReferral B00100 9 Library of Congress 2011-06-22 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text of measure as introduced: CR S4032-4033) IntroReferral 2011-06-22 Introduced in Senate IntroReferral 10000 9 Library of Congress A000069 Sen. Akaka, Daniel K. [D-HI] DANIEL AKAKA D HI KOHIKINA N Education Financial literacy Government lending and loan guarantees Higher education Student aid and college costs Teaching, teachers, curricula Education 00 2011-06-22 Introduced in Senate 2011-07-01T15:39:57Z College Literacy in Finance and Economics Act of 2011 or College LIFE Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require institutions of higher education (IHEs) to provide student borrowers under the Federal Family Education Loan, Direct Loan, and Perkins Loan programs with financial literacy counseling within 45 days of their first receipt of such a loan and prior to the completion of their studies or when they leave school.

Requires student borrowers to receive at least four hours of counseling on each occasion.

Makes such counseling requirements inapplicable to borrowers of consolidation loans.

Requires financial literacy counseling to include information on the Financial Education Core Competencies as determined by the Financial Literacy and Education Commission.

Directs the Secretary of Education to develop a curriculum that IHEs may use to fulfill this Act's requirements.

]]> College LIFE Act Display Title College LIFE Act Official Title as Introduced A bill to require financial literacy and economic education counseling for student borrowers, and for other purposes. Introduced in Senate IS Short Titles as Introduced College LIFE Act Short Titles as Introduced College Literacy in Finance and Economics Act of 2011 Introduced in Senate 2011-06-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s1260is/xml/BILLS-112s1260is.xml 2011-06-23 Sponsor introductory remarks on measure. (CR S4040) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.