S. 469 118th Congress Senate

STUDENT Act

Official title: A bill to require disclosure of the total amount of interest that would be paid over the life of a loan for certain Federal student loans.

Introduced: February 16, 2023 Introduced by: Joni Ernst Republican · Iowa See on congress.gov

Education

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 16, 2023

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

Feb 16, 2023

Introduced in Senate

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Latest action February 16, 2023

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

Plain-English summary Congressional Research Service

Student Transparency for Understanding Decisions in Education Net Terms Act or the STUDENT Act

This bill requires loan disclosure forms for federal student loans to include the total amount of interest that would be paid over the life of the loan based on a standard 10-year repayment plan.

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