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S. 2984 117th Congress Senate

State-Based Education Loan Awareness Act

Official title: A bill to establish that a State-based education loan program is excluded from certain requirements relating to a preferred lender arrangement.

Introduced: October 19, 2021 Introduced by: Lisa Murkowski Republican · Alaska See on congress.gov
Education Government lending and loan guaranteesHigher educationInterest, dividends, interest ratesState and local government operationsStudent 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
Oct 7, 2021
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Oct 7, 2021
Introduced in Senate
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 Latest action October 7, 2021

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

 Plain-English summary Congressional Research Service

State-Based Education Loan Awareness Act

This bill excludes certain arrangements or agreements regarding education loans from the definition of a preferred lender arrangement.

A preferred lender arrangement is an arrangement or agreement between a lender and an institution of higher education (IHE) that receives federal funding or assistance (1) under which a lender issues education loans to students attending the IHE; and (2) that relates to the IHE recommending, promoting, or endorsing the education loan products of the lender.

The bill provides that arrangements or agreements made under a state-based education loan program or that are funded, insured, or guaranteed by any federal agency other than the Department of Education do not meet the definition of a preferred lender agreement for purposes of certain required disclosures to student borrowers.

 Related & companion bills 1
  • HR 7588 Identical bill State-Based Education Loan Awareness Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 2
R
Boozman, John
Arkansas · Oct 19, 2021
 R
Hoeven, John
North Dakota · Oct 7, 2021
 D
Reed, Jack
Rhode Island · Oct 7, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2984: State-Based Education Loan Awareness Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-2984/
MLA
"S. 2984: State-Based Education Loan Awareness Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-2984/.
Bluebook (legal)
S. 2984, 117th Cong. (2026), https://openamerica.io/bill/117-S-2984/.
Markdown link
[S. 2984: State-Based Education Loan Awareness Act](https://openamerica.io/bill/117-S-2984/)
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