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HR 1325 111th Congress House

To require financial literacy counseling for borrowers, and for other purposes.

Introduced: May 5, 2009 See on congress.gov
Education Financial literacyGovernment lending and loan guaranteesHigher educationStudent aid and college costs
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 29, 2009
Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
Mar 5, 2009
Referred to the House Committee on Education and Labor.
Mar 5, 2009
Introduced in House
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 Latest action April 29, 2009

Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

 Plain-English summary Congressional Research Service

Amends the Higher Education Act of 1965 to require institutions of higher education (IHEs) to provide at least four hours of financial literacy counseling to each student borrower: (1) under the Federal Family Education Loan (FFEL) program, at or prior to their receipt of such loan; and (2) under the FFEL, Direct Loan, or Perkins Loans programs, during their enrollment at the IHE or when their studies end.

Requires such counseling to include information on: (1) banking; (2) budgeting; (3) credit cards and ratings; (4) loans, grants, education tax credits, and scholarships; (5) renting and housing; and (6) investing.

Directs the Secretary of Health and Human Services to encourage IHEs to perform these duties using interactive programs that test each borrower's understanding of the financial literacy information they receive.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 5
All 5 Democratic 4
D
Clarke, Yvette D.
New York · May 5, 2009
 D
Cleaver, Emanuel
Missouri · Mar 5, 2009
 D
Kaptur, Marcy
Ohio · Mar 5, 2009
Kosmas, Suzanne
· Mar 5, 2009
 D
Meeks, Gregory W.
New York · Mar 5, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1325: To require financial literacy counseling for borrowers, and for other purposes.. 111th Congress. Open America. https://openamerica.io/bill/111-HR-1325/
MLA
"H.R. 1325: To require financial literacy counseling for borrowers, and for other purposes.." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-1325/.
Bluebook (legal)
H.R. 1325, 111th Cong. (2026), https://openamerica.io/bill/111-HR-1325/.
Markdown link
[H.R. 1325: To require financial literacy counseling for borrowers, and for other purposes.](https://openamerica.io/bill/111-HR-1325/)
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