Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- S.1445
S.1445: Know Before You Owe Federal Student Loan Act of 2021
About This Bill
- Introduced April 29, 2021
- Latest Major Action April 29, 2021
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - April 29, 2021
Bill Summary
Know Before You Owe Federal Student Loan Act of 2021 This bill expands lender disclosure requirements and revises loan counseling requirements. First, the bill requires a lender to provide a quarterly statement to a Federal Family Education Loan or Direct Loan borrower during a period when loan payments are not required. The statement must include specified information on the loan and interest amounts and explain the option to pay accrued...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| April 29, 2021 |
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
|
| April 29, 2021 |
Introduced in the Senate by Charles E. Grassley (R-Iowa) |