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S 2015 116th Congress Senate Education Congressional oversight Higher education Interest, dividends, interest rates Student aid and college costs

Student Loan Disclosure Modernization Act

Introduced: June 27, 2019 Introduced by: Scott, Tim Republican · South Carolina See on congress.gov
This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 27, 2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Jun 27, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

Student Loan Disclosure Modernization Act

This bill requires loan disclosure forms for federal student loans to be written in plain language, thus enabling borrowers to understand loan terms, total costs of loans, and estimated monthly repayments. Borrowers must acknowledge in writing that they have read the form before the loans are issued.

What's happening now June 27, 2019

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

 Related & companion bills 2
 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). S. 2015: Student Loan Disclosure Modernization Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-2015/
MLA
"S. 2015: Student Loan Disclosure Modernization Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-2015/.
Bluebook (legal)
S. 2015, 116th Cong. (2026), https://openamerica.io/bill/116-S-2015/.
Markdown link
[S. 2015: Student Loan Disclosure Modernization Act](https://openamerica.io/bill/116-S-2015/)
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