Skip to main content
H.R. 1193 115th Congress House

Financial Literacy to Financial Freedom Act

Official title: To amend the Higher Education Act of 1965 to authorize institutions of higher education to provide additional loan counseling, and for other purposes.

Introduced: February 16, 2017 See on congress.gov
Education Financial literacyHigher educationStudent aid and college costs
Sign in to write a letter Sign in to watch
This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Feb 16, 2017
Referred to the House Committee on Education and the Workforce.
Feb 16, 2017
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action February 16, 2017

Referred to the House Committee on Education and the Workforce.

 Plain-English summary Congressional Research Service

Financial Literacy to Financial Freedom Act

This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to modify loan counseling requirements for an institution of higher education (IHE) that participates in federal student aid programs.

Currently, an IHE must provide one-time entrance counseling to a student who is a first-time Direct Loan (DL) program borrower. This bill allows an IHE to require any student DL program borrower to complete additional counseling on the terms, conditions, and responsibilities of a loan at or prior to its disbursement.

Additionally, it requires an IHE to ensure that student and parent DL program borrowers annually accept a loan affirmatively prior to the first disbursement of such loan.

 Related & companion bills 2
  • HR 5550 AID Act
  • S 2081 Empowering Students Through Enhanced Financial Counseling Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1193: Financial Literacy to Financial Freedom Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-1193/
MLA
"H.R. 1193: Financial Literacy to Financial Freedom Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-1193/.
Bluebook (legal)
H.R. 1193, 115th Cong. (2026), https://openamerica.io/bill/115-HR-1193/.
Markdown link
[H.R. 1193: Financial Literacy to Financial Freedom Act](https://openamerica.io/bill/115-HR-1193/)
Report a problem