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US HR1125
US HR1125STUDENT Act Student Transparency for Understanding Decisions in Education Net Terms Act
summary
Introduced
02/21/2023
02/21/2023
In Committee
02/21/2023
02/21/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th 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 information is intended to provide students with a clear understanding of the long-term financial implications of their student loan decisions before they commit to borrowing.
Committee Categories
Education
Sponsors (10)
Randy Feenstra (R)*,
Anthony D'Esposito (R),
Jared Golden (D),
Glenn Grothman (R),
Michael Guest (R),
Nick LaLota (R),
Mike Lawler (R),
Mariannette Miller-Meeks (R),
Zach Nunn (R),
Burgess Owens (R),
Last Action
Referred to the House Committee on Education and the Workforce. (on 02/21/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/1125/all-info |
| BillText | https://www.congress.gov/118/bills/hr1125/BILLS-118hr1125ih.pdf |
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