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STUDENT Act

12/29/2022, 10:33 PM

Congressional Summary of S 3865

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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Current Status of Bill S 3865

Bill S 3865 is currently in the status of Bill Introduced since March 17, 2022. Bill S 3865 was introduced during Congress 117 and was introduced to the Senate on March 17, 2022.  Bill S 3865's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of March 17, 2022

Bipartisan Support of Bill S 3865

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3865

Primary Policy Focus

Education

Alternate Title(s) of Bill S 3865

STUDENT Act
STUDENT Act
Student Transparency for Understanding Decisions in Education Net Terms Act
A bill to require disclosure of the total amount of interest that would be paid over the life of a loan for certain Federal students loans.

Comments

Sponsors and Cosponsors of S 3865

Joni Ernst
Joni Ernst
IowaRepublican
Ron Johnson
Ron Johnson
WisconsinRepublican
Chuck Grassley
Chuck Grassley
IowaRepublican

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