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HR 2968 115th Congress House

Know Your Repayment Options Act

Official title: To amend the Higher Education Act of 1965 to direct the Secretary of Education to provide each borrower with an individualized repayment guide.

Introduced: July 24, 2017 See on congress.gov
Education Educational guidanceHigher educationInterest, dividends, interest ratesStudent aid and college costs
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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
Jun 20, 2017
Referred to the House Committee on Education and the Workforce.
Jun 20, 2017
Introduced in House
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 Latest action June 20, 2017

Referred to the House Committee on Education and the Workforce.

 Plain-English summary Congressional Research Service

Know Your Repayment Options Act

This bill amends the Higher Education Act of 1965 to require the Department of Education (ED) to annually give federal student loan borrowers who have graduated or departed from school detailed information, including monthly amount and lifetime payment amount, for each repayment option available to the borrower. To provide this individualized information to borrowers, ED must establish a process for annual verification of the borrower's annual income and the outstanding balance of principal and interest due on federal loans. Borrowers may opt out of being provided this information.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Democratic 8
D
Carson, André
Indiana · Sep 5, 2017
Bordallo, Madeleine
· Jul 27, 2017
 D
Dingell, Debbie
Michigan · Jul 27, 2017
 D
Raskin, Jamie
Maryland · Jul 26, 2017
 D
Norton, Eleanor Holmes
District of Columbia · Jul 24, 2017
 D
Evans, Dwight
Pennsylvania · Jul 20, 2017
 D
DeSaulnier, Mark
California · Jul 13, 2017
 D
Boyle, Brendan F.
Pennsylvania · Jun 20, 2017
 D
Moulton, Seth
Massachusetts · Jun 20, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2968: Know Your Repayment Options Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2968/
MLA
"H.R. 2968: Know Your Repayment Options Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2968/.
Bluebook (legal)
H.R. 2968, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2968/.
Markdown link
[H.R. 2968: Know Your Repayment Options Act](https://openamerica.io/bill/115-HR-2968/)
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