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- S.3399
S.3399: Transparency in Student Lending Act
About This Bill
- Introduced Sept. 27, 2016
- Latest Major Action Sept. 27, 2016
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
Transparency in Student Lending Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to expand disclosure requirements for an institution of higher education (IHE) that participates in the Direct Loan program. Specifically, it requires an IHE to disclose, prior to disbursement, the annual percentage rate applicable to a Direct Loan.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Sept. 27, 2016 |
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
|
| Sept. 27, 2016 |
Introduced in the Senate by Mark Steven Kirk (R-Ill.) |