HR 2874
117th Congress
House
Education
Congressional oversight
Higher education
Interest, dividends, interest rates
Student aid and college costs
Student Loan Disclosure Modernization Act
Introduced: April 28, 2021
Introduced by:
Cleaver, Emanuel
Democratic
· Missouri
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 28, 2021
Referred to the House Committee on Education and Labor.
Apr 28, 2021
Introduced in House
Plain-English summary
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
Referred to the House Committee on Education and Labor.
Committees of jurisdiction
1