Bill > SB1037

This bill modifies existing Oregon law to require higher education institutions to provide students with additional financial information when reporting about their federal education loans. Specifically, the bill adds a new requirement that institutions must provide students with a "realistic expectation of income" for careers related to their degree during the 10 years following graduation. This new provision will be included in the annual loan information report that schools already provide, which currently includes details like total loan amounts, cumulative tuition costs, estimated monthly loan payments, and borrowing limit percentages. The bill mandates that this income information must be presented in a unified, comprehensive manner and written in plain, easy-to-understand language. The goal appears to be helping students make more informed decisions about their education by providing clearer insights into potential future earnings in their chosen field of study. The legislation applies to institutions of higher education as defined in Oregon Revised Statutes, and schools are explicitly protected from liability for the information they provide under this requirement.

Education

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB1037