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HR 5755 114th Congress House Education Government information and archives Higher education Interest, dividends, interest rates Student aid and college costs Student records

LEADS Act of 2016

Introduced: July 13, 2016 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 19, 2016
Referred to the Subcommittee on Higher Education and Workforce Training.
Jul 13, 2016
Referred to the House Committee on Education and the Workforce.
Jul 13, 2016
Introduced in House
 Plain-English summary Congressional Research Service

Letter of Estimated Annual Debt for Students Act of 2016 or the LEADS Act of 2016

This bill amends the Higher Education Act of 1965 by requiring institutions of higher education to provide to each student with education loans for attending the institution an estimate of student loan borrowing costs, including: (1) the cumulative balance of education loans owed by the student, (2) the amount of new education loans expected to be disbursed during the year, (3) the projected cumulative balance of education loans that will be owed by the student after the student graduates, and (4) projected monthly payments to repay the loans. The estimates must be given to students before each academic year succeeding the one for which a loan was first received.

What's happening now September 19, 2016

Referred to the Subcommittee on Higher Education and Workforce Training.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 1 Republican 2