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H.R. 2874 117th Congress House

Student Loan Disclosure Modernization Act

Official title: To amend the Higher Education Act of 1965 to direct the Secretary of Education to develop a plain language disclosure form for borrowers of Federal student loans, and for other purposes.

Introduced: April 28, 2021 Introduced by: Emanuel Cleaver Democratic · Missouri See on congress.gov
Education Congressional oversightHigher educationInterest, dividends, interest ratesStudent aid and college costs
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Apr 28, 2021
Referred to the House Committee on Education and Labor.
Apr 28, 2021
Introduced in House
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 Latest action April 28, 2021

Referred to the House Committee on Education and Labor.

 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.

 Related & companion bills 2
  • HR 1161 Reintroduction of Student Loan Disclosure Modernization Act
  • S 1464 Student Loan Disclosure Modernization Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 2
Rice, Tom
· May 25, 2021
 R
McClain, Lisa C.
Michigan · May 18, 2021
 R
Banks, Jim
Indiana · Apr 28, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2874: Student Loan Disclosure Modernization Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2874/
MLA
"H.R. 2874: Student Loan Disclosure Modernization Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2874/.
Bluebook (legal)
H.R. 2874, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2874/.
Markdown link
[H.R. 2874: Student Loan Disclosure Modernization Act](https://openamerica.io/bill/117-HR-2874/)
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