3.0.0 2224 2023-01-11T13:39:07Z 2023-01-11T13:39:07Z Senate S 2017-12-13 115 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2017-12-13T18:06:11Z Financial Literacy College Education Act 115 5277 HR 2018-03-14 Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. Related bill CRS Economic Growth, Regulatory Relief, and Consumer Protection Act 115 2155 S 2018-05-24 Became Public Law No: 115-174. Related bill CRS LEADS Act of 2017 115 1429 HR 2017-03-08 Referred to the House Committee on Education and the Workforce. Related bill CRS 2017-12-13 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2017-12-13 Introduced in Senate IntroReferral 10000 9 Library of Congress D000607 Sen. Donnelly, Joe [D-IN] Joe Donnelly D IN N J000293 Sen. Johnson, Ron [R-WI] Ron Johnson R WI 2017-12-13 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2017-12-13 True Education Financial literacy Government information and archives Higher education Interest, dividends, interest rates Student aid and college costs Student records Education 00 2017-12-13 Introduced in Senate 2019-03-19T14:32:10Z Empowering Student Borrowers Act

This bill amends the Higher Education Act of 1965 to direct the Department of Education to establish best practices for institutions of higher education (IHEs) regarding methods to: (1) teach financial literacy skills, and (2) provide information to assist students when making financial decisions related to student borrowing.

In addition, the bill requires an IHE that participates in federal student aid programs to provide an annual estimate of borrowing costs to each enrolled student who receives an education loan. The cost estimate must include the student's cumulative education loan balance, projected monthly payment amount, and interest rate on each loan.

]]> Empowering Student Borrowers Act Display Title Empowering Student Borrowers Act Short Titles as Introduced Empowering Student Borrowers Act Official Title as Introduced A bill to establish best practices for teaching financial literacy, and to establish an annual estimate of student borrowing costs. Introduced in Senate 2017-12-13T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2224is/xml/BILLS-115s2224is.xml 2017-12-13 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.