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- H.R.1325
H.R.1325: To require financial literacy counseling for borrowers, and for other purposes.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about education
- Introduced March 5, 2009
- Latest Major Action April 29, 2009
Bill Sponsor
Bill Cosponsors
15 (All Democrats)
Bill Summary
Amends the Higher Education Act of 1965 to require institutions of higher education (IHEs) to provide at least four hours of financial literacy counseling to each student borrower: (1) under the Federal Family Education Loan (FFEL) program, at or prior to their receipt of such loan; and (2) under the FFEL, Direct Loan, or Perkins Loans programs, during their enrollment at the IHE or when their studies end. Requires such counseling to include...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Referred to the House Committee on Education and Labor.
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Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
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| March 5, 2009 |
Introduced in the House by Sheila Jackson Lee (D-Texas) |