3.0.0 2015 2022-11-01T13:50:51Z 2022-11-01T13:50:51Z Senate S 2019-06-27 116 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2019-06-27T16:55:55Z Student Loan Disclosure Modernization Act 116 63 HR 2019-01-03 Referred to the House Committee on Education and Labor. Related bill CRS Student Loan Disclosure Modernization Act 116 1161 HR 2019-02-13 Referred to the House Committee on Education and Labor. Related bill CRS 2019-06-27 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2019-06-27 Introduced in Senate IntroReferral 10000 9 Library of Congress S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC N M001183 Sen. Manchin, Joe, III [D-WV] Joseph Manchin D WV 2019-06-27 True M001197 Sen. McSally, Martha [R-AZ] Martha McSally R AZ 2019-07-15 False B001310 Sen. Braun, Mike [R-IN] Mike Braun R IN 2019-10-21 False Education Congressional oversight Higher education Interest, dividends, interest rates Student aid and college costs Education 00 2019-06-27 Introduced in Senate 2020-08-13T14:54:02Z Student Loan Disclosure Modernization Act

This bill 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.

]]> Student Loan Disclosure Modernization Act Display Title Student Loan Disclosure Modernization Act Short Title(s) as Introduced Student Loan Disclosure Modernization Act Introduced in Senate IS Official Title as Introduced A bill to amend the Higher Education Act of 1965 to direct the Secretary of Education to develop a plain language disclosure form for borrowers of Federal student loans, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-06-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s2015is/xml/BILLS-116s2015is.xml 2019-06-27 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.