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- S.1464
S.1464: Student Loan Disclosure Modernization Act
About This Bill
- Introduced April 29, 2021
- Latest Major Action April 29, 2021
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - April 29, 2021
Bill Summary
Student Loan Disclosure Modernization Act This bill requires loan disclosure forms for federal student loans to be written in plain language, thus enabling borrowers to understand loan terms, total costs of loans, and estimated monthly repayments. Borrowers must acknowledge in writing that they have read the form before the loans are issued.
(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 Tim Scott (R-S.C.) |