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S 781 114th Congress Senate

Empowering Student Borrowers Act

Official title: A bill to improve knowledge about the best practices for teaching financial literacy, and for other purposes.

Introduced: March 18, 2015 See on congress.gov
Education Financial literacyGovernment information and archivesHigher educationStudent aid and college costs
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 18, 2015
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Mar 18, 2015
Introduced in Senate
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 Latest action March 18, 2015

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Plain-English summary Congressional Research Service

Empowering Student Borrowers Act

Amends the Higher Education Act of 1965 to direct the Secretary of Education to establish, maintain, and periodically update best practices for institutions of higher education in: (1) teaching financial literacy skills, and (2) providing students with useful and necessary information to assist them in making financial decisions related to student borrowing.

Requires those practices to include:

  • methods to ensure that students have a clear sense of their total borrowing obligations;
  • the most effective ways to engage students in financial literacy education;
  • information on how to target different student populations, including part-time students, first-time students, and other nontraditional students; and
  • ways to clearly communicate the importance of graduating on a student's ability to repay student loans.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Scott, Tim
South Carolina · Mar 18, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 781: Empowering Student Borrowers Act. 114th Congress. Open America. https://openamerica.io/bill/114-S-781/
MLA
"S. 781: Empowering Student Borrowers Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-781/.
Bluebook (legal)
S. 781, 114th Cong. (2026), https://openamerica.io/bill/114-S-781/.
Markdown link
[S. 781: Empowering Student Borrowers Act](https://openamerica.io/bill/114-S-781/)
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