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S 2224 115th Congress Senate Education Financial literacy Government information and archives Higher education Interest, dividends, interest rates Student aid and college costs Student records

Empowering Student Borrowers Act

Introduced: December 13, 2017 See on congress.gov
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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
Dec 13, 2017
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Dec 13, 2017
Introduced in Senate
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 Plain-English summary Congressional Research Service

Empowering Student Borrowers Act

This bill amends the Higher Education Act of 1965 to direct the Department of Education to establish best practices for institutions of higher education (IHEs) regarding methods to: (1) teach financial literacy skills, and (2) provide information to assist students when making financial decisions related to student borrowing.

In addition, the bill requires an IHE that participates in federal student aid programs to provide an annual estimate of borrowing costs to each enrolled student who receives an education loan. The cost estimate must include the student's cumulative education loan balance, projected monthly payment amount, and interest rate on each loan.

What's happening now December 13, 2017

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

 Related & companion bills 3
  • HR 5277 Related bill Financial Literacy College Education Act
  • S 2155 Related bill Economic Growth, Regulatory Relief, and Consumer Protection Act
  • HR 1429 Related bill LEADS Act of 2017
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
R
Johnson, Ron
Wisconsin · Dec 13, 2017
 D
Klobuchar, Amy
Minnesota · Dec 13, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2224: Empowering Student Borrowers Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-2224/
MLA
"S. 2224: Empowering Student Borrowers Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-2224/.
Bluebook (legal)
S. 2224, 115th Cong. (2026), https://openamerica.io/bill/115-S-2224/.
Markdown link
[S. 2224: Empowering Student Borrowers Act](https://openamerica.io/bill/115-S-2224/)
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