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S 1464 117th Congress Senate Education Congressional oversight Higher education Interest, dividends, interest rates Student aid and college costs

Student Loan Disclosure Modernization Act

Introduced: April 29, 2021 Introduced by: Scott, Tim Republican · South Carolina See on congress.gov
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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 29, 2021
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Apr 29, 2021
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 April 29, 2021

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

 Related & companion bills 1
  • HR 2874 Related bill Student Loan Disclosure Modernization Act
 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. 1464: Student Loan Disclosure Modernization Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-1464/
MLA
"S. 1464: Student Loan Disclosure Modernization Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1464/.
Bluebook (legal)
S. 1464, 117th Cong. (2026), https://openamerica.io/bill/117-S-1464/.
Markdown link
[S. 1464: Student Loan Disclosure Modernization Act](https://openamerica.io/bill/117-S-1464/)
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