3.0.0
1216
2025-12-05T08:31:45Z
2025-12-05T08:31:45Z
House
H
HR
2023-02-27
118
https://www.congress.gov/bill/118th-congress/house-bill/1216
[Congressional Record Volume 169, Number 37 (Monday, February 27, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. MILLER-MEEKS:H.R. 1216.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the U.S. ConstitutionThe single subject of this legislation is:This legislation that would require Institutes of HigherEducation to counsel students before any federal studentloans are disbursed.[Page H916]
- hsed00
Education and Workforce Committee
House
Standing
  - Referred To
2023-02-27T17:02:30Z

- Know Before You Owe Federal Student Loan Act of 2023
118
530
S
2023-02-27
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  - Identical bill
CRS
- 2023-03-01
Sponsor introductory remarks on measure. (CR H976)
IntroReferral
B00100
9
Library of Congress
- 2023-02-27
Referred to the House Committee on Education and the Workforce.
IntroReferral
H11100
2
House floor actions
  - hsed00
Education and Workforce Committee
- 2023-02-27
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-02-27
Introduced in House
IntroReferral
1000
9
Library of Congress
- M001215
Rep. Miller-Meeks, Mariannette [R-IA-1]
Mariannette
Miller-Meeks
R
IA
1
N
- G000591
Rep. Guest, Michael [R-MS-3]
Michael
Guest
R
MS
3
2023-02-27
True
- H001091
Rep. Hinson, Ashley [R-IA-2]
Ashley
Hinson
R
IA
2
2023-02-27
True
- N000193
Rep. Nunn, Zachary [R-IA-3]
Zachary
Nunn
R
IA
3
2023-02-27
True
- F000446
Rep. Feenstra, Randy [R-IA-4]
Randy
Feenstra
R
IA
4
2023-02-27
True
- C001118
Rep. Cline, Ben [R-VA-6]
Ben
Cline
R
VA
6
2023-05-11
False
- H001093
Rep. Houchin, Erin [R-IN-9]
Erin
Houchin
R
IN
9
2023-09-05
False
- L000599
Rep. Lawler, Michael [R-NY-17]
Michael
Lawler
R
NY
17
2024-04-05
False
Education
Education
2023-03-21T11:30:51Z
00
2023-02-27
Introduced in House
2023-04-06T20:17:05Z
Know Before You Owe Federal Student Loan Act of 2023
This bill expands lender disclosure requirements and revises loan counseling requirements.
First, the bill requires a lender to provide a quarterly statement to a Federal Family Education Loan or Direct Loan borrower during a period when loan payments are not required. The statement must include specified information on the loan and interest amounts and explain the option to pay accrued interest while in deferment or forbearance.
In addition, the bill requires an institution of higher education (IHE) that participates in federal student-aid programs to provide pre-loan counseling to a student borrower of a federal student loan upon or prior to the first disbursement of each new loan. Currently, an IHE must provide one-time entrance counseling to a student who is a first-time federal student loan borrower.
The bill also revises and expands required elements of pre-loan counseling to include an estimate of the borrower's monthly payment amount compared to the borrower's estimated monthly income after taxes and other expenses, a statement to borrow the minimum necessary amount, a warning that a high debt-to-income ratio makes repayment more difficult, options to reduce borrowing, and an explanation of the importance of on-time graduation.
Prior to certifying a Federal Direct Loan disbursement to a student, an IHE must ensure that the student manually enters the exact dollar amount of the loan.

Know Before You Owe Federal Student Loan Act of 2023
- Display Title
45

Know Before You Owe Federal Student Loan Act of 2023
2024-06-11T15:45:59Z
- Short Title(s) as Introduced
101

Know Before You Owe Federal Student Loan Act of 2023
2024-05-24T13:42:03Z
Introduced in House
IH
- Official Title as Introduced
6

To revise counseling requirements for certain borrowers of student loans, and for other purposes.
2024-03-18T20:23:02Z
Introduced in House
IH
- Introduced in House
2023-02-27T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr1216ih/xml/BILLS-118hr1216ih.xml
2023-03-01
Sponsor introductory remarks on measure. (CR H976)
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.
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