Bill
Bill > S3865
US S3865
US S3865STUDENT Act Student Transparency for Understanding Decisions in Education Net Terms Act
summary
Introduced
03/17/2022
03/17/2022
In Committee
03/17/2022
03/17/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To require disclosure of the total amount of interest that would be paid over the life of a loan for certain Federal student loans.
AI Summary
This bill, the Student Transparency for Understanding Decisions in Education Net Terms Act (STUDENT Act), requires the disclosure of the total amount of interest that would be paid over the life of a federal student loan based on a standard 10-year repayment plan. This provision aims to provide borrowers with more transparent information about the true cost of their student loans, helping them make more informed financial decisions.
Committee Categories
Health and Social Services
Sponsors (3)
Last Action
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (on 03/17/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/3865/all-info | 03/18/2022 |
| BillText | https://www.congress.gov/117/bills/s3865/BILLS-117s3865is.pdf | 03/22/2022 |
| Bill | https://www.congress.gov/117/bills/s3865/BILLS-117s3865is.pdf.pdf | 03/22/2022 |
Loading...