3.0.0 781 2023-01-11T13:27:50Z 2023-01-11T13:27:50Z Senate S 2015-03-18 114 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2015-03-18T17:13:15Z 2015-03-18 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2015-03-18 Introduced in Senate IntroReferral 10000 9 Library of Congress D000607 Sen. Donnelly, Joe [D-IN] Joe Donnelly D IN N S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2015-03-18 True Education Financial literacy Government information and archives Higher education Student aid and college costs Education 00 2015-03-18 Introduced in Senate 2015-04-23T18:56:58Z Empowering Student Borrowers Act

Amends the Higher Education Act of 1965 to direct the Secretary of Education to establish, maintain, and periodically update best practices for institutions of higher education in: (1) teaching financial literacy skills, and (2) providing students with useful and necessary information to assist them in making financial decisions related to student borrowing.

Requires those practices to include:

  • methods to ensure that students have a clear sense of their total borrowing obligations;
  • the most effective ways to engage students in financial literacy education;
  • information on how to target different student populations, including part-time students, first-time students, and other nontraditional students; and
  • ways to clearly communicate the importance of graduating on a student's ability to repay student loans.
]]> Empowering Student Borrowers Act Display Title Empowering Student Borrowers Act Official Title as Introduced A bill to improve knowledge about the best practices for teaching financial literacy, and for other purposes. Introduced in Senate IS Short Titles as Introduced Empowering Student Borrowers Act Introduced in Senate 2015-03-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s781is/xml/BILLS-114s781is.xml 2015-03-18 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. 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.