On this page, you'll find previous proposals to increase families' awareness of financial aid availability and requirements, as well as costs associated with attendance. Use these links to jump to a specific session of Congress.

• • • 118th Session of Congress (2023-current)
    • 117th Session of Congress (2021-2023)
    • 116th Session of Congress (2019-2021)
    • 115th Session of Congress (2017-2019)
    • 114th Session of Congress (2015-2017)

117th Session of Congress

H.R. 9440/S.5188 — Protecting Students from Worthless Degrees Act

Sponsor: Rep. Krishnamoorthi [D-IL]
Cosponsors: 0 (0D; 0R
Sponsor: Sen. Merkley [D-OR]
Cosponsors: 1 (1D;0R)
Introduced: 12/06/2022
NASFAA Summary & Analysis: This bill aims to provide consumer protections for students by putting into place measures that would result in students being prepared to work in the occupation or profession of their choosing after successful completion of a program. No later than December 31 following the date of the enactment of this bill, the most senior executive officer of the institution will need to submit a certification to ED indicating that the institution and each of the eligible gainful employment programs included in the approval certification of the institution, meet the requirements outlined in the bill. 

H.R. 9429 — College Cost Transparency and Student Protection Act

Sponsor: Rep. McClain [R-MI]
Cosponsors: 2 (0D; 2R)
Introduced: 12/05/2022
NASFAA Summary & Analysis: This bill would amend the HEA and would require that ED publish requirements for financial aid offers used by institutions of higher education for currently enrolled and prospective students. This bill outlines that financial aid offers may not be referred to as an award letter, will need to include standardized terms and definitions, and establishes formatting requirements for the aid offers. It does not require an aid offer template. Additionally, the bill will turn the aid offer into a two-step process by which students are first offered aid only for their direct educational expenses. Students would then opt in to requesting aid for indirect expenses, after which a more customized aid offer with their estimated indirect expenses and aid eligibility is issued. Loans could not be presented in a way that "indicates or implies that such loans reduce the amount owed to the institution or reduce the out-of-pocket costs.”

• House Republicans Introduce Financial Aid Offer Legislation

H.R. 8932 — Transparency for Transfer Students Act

Sponsor: Rep. Castro [D-TX]
Cosponsors: 0 (0D; 0R)
Introduced: 09/21/2022
NASFAA Summary & Analysis: This bill would amend the HEA to clearly outline requirements for disclosure of transfer of credit policies and would require that institutions create a webpage on the school’s website that would both explain the provisions of the transfer agreement and provide other necessary information and resources related to the transfer. This information would include things such as deadlines, financial aid information, and the contact information for the transfer counselor, if applicable.

H.R.8643 — Student Loan Literacy Act of 2022

Sponsor: Rep. Jeffries [D-NY]
Cosponsors: 1 (1D; 0R)
Introduced: 08/02/2022
NASFAA Summary & Analysis: This bill would provide federal funding to community-based organizations and other stakeholders, such as direct service providers, who engage with student borrowers. The funding would create or expand consumer assistance programs (CAPs) in order to provide assistance to struggling borrowers who experience the difficulties of navigating the federal student lending system in the United States. With additional funding, these programs will also assist student borrowers in learning about repayment options and debt forgiveness programs that may be applicable to them. 

S.4410 — Graduation Reporting for Accuracy and Decision-Making Act

Sponsor: Sen. Romney [R-UT]
Cosponsors: 2 (0D; 2R)
Introduced: 06/15/22
NASFAA Summary & Analysis: This bill would require institutions of higher education to publicize information regarding graduation rates, time frames, and enrollment for degree-granting programs of any length.

H.R.6510 — STOP Campus Hunger Act

Sponsor: Rep. Adams [D-NC]
Cosponsors: 2 (2D; 0R)
Introduced: 01/28/2022
NASFAA Summary & Analysis: This bill would require Title IV participating institutions to provide students with information about certain federal assistance programs, specifically the Supplemental Nutrition Assistance Program (SNAP) and the Special Supplemental Program for Women, Infants, and Children (WIC). Institutions would have to provide eligibility information for these programs, contact information for the state agencies that administer the programs, and information on food pantries, etc. that are available in the area. 

H.R.6002 — Understanding the True Cost of College Act of 2021

Sponsor: Rep. Kim [R-CA]
Cosponsors: 1 (1D; 0R)
Introduced: 11/17/2021
NASFAA Summary & Analysis: This bill would mandate standard terminology and a standard format for financial aid award offers. In a slight change from previous iterations of this bill, this version no longer requires specific elements on the first page of the aid offer.

H.R.5588 — Net Price Calculator Improvement Act

Sponsor: Rep. Guthrie [R-KY]
Cosponsors: 1
Introduced: 10/15/2021
NASFAA Summary & Analysis: This bill would allow the creation of a centralized website to allow students to compare estimates of their net price for individual institutions across multiple colleges at once. It would include the institution's net price, as well as all components of the institution's Cost of Attendance, as well as the estimated total need-based grant aid and merit-based grant aid, from Federal, State, and institutional sources, that may be available to the student. 

H.R.5779 — Financial Fitness Act

Sponsor: Rep. Leger Fernandez [D-NM]
Cosponsors: 1
Introduced: 10/28/2021
NASFAA Summary & Analysis: This bill would create a public personal finance education portal within the Department of Education website to help students and families grow their financial literacy skills. The portal would provide information on personal finance concepts such as budgeting, saving, and investing and information about managing student loan repayment including benefits and forgiveness options. 

H.R.5381 — FLAT (Front-Loaded Financial Aid Transparency) Act

Sponsor: Rep. Kim [D-NJ]
Cosponsors: 1 (0D; 1R)
Introduced: 09/27/2021
NASFAA Summary & Analysis: This bill would commission a GAO study aimed at uncovering the prevalence, extent and impact of front-loaded institutional grant aid at accredited Colleges and Universities from 2007 to 2019 to understand the scale of front-loading financial aid and its consequences upon student loan borrowing, retention, transfer, and graduation rates.

H.R.5380 — Helping Students Plan for College Act of 2021

Sponsor: Rep. Kim [D-NJ]
Cosponsors: 1 (0D; 1R)
Introduced: 09/27/2021
NASFAA Summary & Analysis: This bill would require schools to make readily available their policies on adjusting institutional aid upon a student's receipt of non-Title IV aid and how the receipt of non-Title IV aid may impact eligibility for institutional financial aid. The Helping Students Plan for College Act, supported by NASFAA, requires schools that adjust institutional aid based on student receipt of non-Title IV aid, commonly called scholarship displacement, to disclose this fact publicly. The bill would also require schools to publish a statement that eligibility for institutional aid may be impacted by the receipt of non-federal aid and requires institutions to disclose their policies on making such adjustments and how receipt of such assistance may impact eligibility for, or the amount of, institutional aid. 

• NASFAA Endorses Bill Aimed at Improving Transparency in Student Financial Aid
  
  

H.R.5339 — Protecting Education Privacy Act

Sponsor: Rep. Luetkemeyer [R-MO]
Cosponsors: 2 (0D; 2R)
Introduced 09/22/2021
NASFAA Summary & Analysis: This bill would further define the responsibilities, as it relates to FERPA, of an authorized representative by adding that they shall not release any personally identifiable information contained in education records collected while serving as an authorized representative to any individual, agency, or organization, other than the official under whom the authorized representative is under the direct control, as well as restricts any personally identifiable information from being shared for the development of commercial products or services.

H.R.4786/S.2550 — RISE Act of 2021

Sponsor: Rep. Bonamici [D-OR]
Cosponsors: 3 (1D; 2R)
Sponsor: Sen. Casey [D-PA]
Cosponsors: 5 (2D; 3R)
Introduced: 07/29/2021
NASFAA Summary & Analysis: This bill would allow college students to use existing documentation of a disability when going through the process of seeking accommodation on college campuses. At this time, students are required to go through the process of paying for new evaluations before they are eligible for access to special education services. 

H.R.4264 — REPORT Fines Act

Sponsor: Rep. Harshbarger [R-TN]
Cosponsors: 1 (1R)
Introduced: 06/30/2021
NASFAA Summary & Analysis: This bill would penalize universities that do not comply with reporting and disclosure requirements associated with receiving gifts and contracts from "foreign adversaries". If enacted, penalties under this bill would range from a written warning, fines equivalent to the amount of the gift, and disqualification from federal research funding.   

H.R.3362 — Opportunity To Address College Hunger Act

Sponsor: Rep. Bonamici [D-OR]
Cosponsors: 20
Introduced: 05/20/2021 
NASFAA Summary & Analysis: This bill would require colleges and universities to inform students in the Federal Work Study program that they may qualify for the Supplemental Nutrition Assistance Program (SNAP) and provide support throughout the application process. 

H.R.2912 — Truth in Tuition Act of 2021

Sponsor: Rep. Cartwright [D-PA]
Cosponsors: 8
Introduced: 04/30/2021
NASFAA Summary & Analysis: This bill would require universities and colleges to provide each incoming class of students with a multi-year overview of the tuition and fee schedule or give each student a non-binding estimate of the individual cost of their education. While schools would still be free to determine their tuition rates, this bill aims to increase transparency around college costs for students and families. 

S.1452 — Understanding the True Cost of College Act of 2021

Sponsor: Sen. Grassley [R-IA]
Cosponsors: 2
Introduced: 04/29/2021
NASFAA Summary & Analysis: This bill would mandate standard terminology and a standard format for financial aid award offers. In a slight change from previous iterations of this bill, this version no longer requires specific elements on the first page of the aid offer. 

S.1448 — Net Price Calculator Improvement Act

Sponsor: Sen. Grassley [R-IA]
Cosponsors: 2
Introduced: 04/29/2021
NASFAA Summary & Analysis: This bill would allow the creation of a centralized website to allow students to compare estimates of their net price for individual institutions across multiple colleges at once. It would include the institution's net price, as well as all components of the institution's Cost of Attendance, as well as the estimated total need-based grant aid and merit-based grant aid, from Federal, State, and institutional sources, that may be available to the student. 

S.1445 — Know Before You Owe Federal Student Loan Act of 2021

Sponsor: Sen. Grassley [R-IA]
Cosponsors: 2
Introduced: 04/29/2021
NASFAA Summary & Analysis: This bill would require entrance counseling, renamed "Pre-Loan Counseling," to be administered before the disbursement of each new loan in each award year. This bill would also create periodic disclosures, which would be sent to every loan borrower on a quarterly basis, which contain updated information on how much they've borrowed, any interest capitalization that has occurred and their individual borrower information.

H.R.2874/S.1464 — Student Loan Disclosure Modernization Act

Sponsor: Rep. Cleaver [D-MO]
Cosponsors: 1
Introduced: 04/28/2021
Sponsor: Sen. Scott [R-SC]
Cosponsors: 1
Introduced: 04/29/2021
NASFAA Summary & Analysis: This bill will simplify the student loan disclosure form while also providing personalized information on the amount that students and their families are borrowing. It will also provide an estimate for how much the student may owe per month after graduation. 

H.R.2315 — Higher Education Transparency Act of 2021

Sponsor: Rep. Gosar [R-AZ]
Cosponsors: 4
Introduced: 04/01/2021
NASFAA Summary & Analysis: This bill would require American universities to be transparent about any agreement that they have with foreign entities such as Confucius Institutes.

H.R.2030/S.839 — College Transparency Act

Sponsor: Rep. Krishnamoorthi [D-IL]
Cosponsors: 5
Introduced: 03/18/2021
Sponsor: Sen. Cassidy [R-LA]
Cosponsors: 3
Introduced: 03/18/2021
NASFAA Summary & Analysis: This bill would create a new "postsecondary student data system," thereby repealing the ban on the federal government from collecting student-level data. The bill aims to modernize the federal data reporting system, thereby reducing data reporting burdens on institutions. The data system would contain data elements related to student enrollment, persistence, retention, transfer, and completion measures. The bill contains several privacy provisions and includes prohibitions on the collection of certain information, including religion, course grades, and citizenship status, among others. Ultimately, the new data collection will be used to create a user-friendly portal for the public to compare institutions. The bill's provisions apply to all institutions of higher education that receive Title IV federal student aid.

116th Session of Congress

H.R.6756 - End Pandemic Hunger for College Students Act of 2020

Sponsor: Rep. Fudge [D-OH]  
Cosponsors: 2 (2D; 0R)
Introduced: 05/08/2020
NASFAA Summary & Analysis: This bill would modify the eligibility standards applicable to low-income college students under the Food and Nutrition Act of 2008 during COVID–19 public health emergency.

S.3745 - Coronavirus Emergency Borrower Defense Act of 2020

Sponsor: Sen. Durbin [D-IL] 
Cosponsors: 2 (2D; 0R)
Introduced: 05/14/2020 
NASFAA Summary & Analysis: This bill provides relief to borrowers of student loans who have been misrepresented by institutions. An eligible borrower, or parent borrower who took out an eligible loan on behalf of an eligible borrower, shall be entitled to loan relief on. 

H.R.5768 - Accreditation Reform Act of 2020

Sponsor: Rep. Trahan [D-MA]
Cosponsors: 2 (2D; 0R)
Introduced: 02/06/2020
NASFAA Summary: This bill would increase the National Advisory Committee on Institutional Quality and Integrity's role in the review process of approved accrediting agencies as well as allow NACIQI members to take part in site visits conducted by ED. Under the bill ED would also be required to make public for comment any accreditation agency petitions for recognition. Included with the petition would be the agency's record of investigations, lawsuits settlements or adverse judgments for any violation relating to fraud or abuse to students enrolled at an institution the accrediting agency has previously accredited. 

S.3115 - Time For Completion Act

Sponsor: Sen. Enzi [R-WY]
Cosponsors: 2 (0D; 2R)
Introduced: 12/19/2019
NASFAA Summary & Analysis: This bill would require community colleges to report graduation rates. It would include data such as the percentage of first-time and non-first time, full-time and part-time, degree- or certificate-seeking undergraduate students enrolled at the institution who obtain a degree or certificate within each of the times for completion or graduation. 

H.R.4648 - Transparency in Off-Campus Housing Act

Sponsor: Rep. Horsford [D-NV]
Cosponsors: 1 (1D; 0R)
Introduced: 10/11/2019
NASFAA Summary & Analysis: This bill would allow ED to regulate how school calculate room and board for students living with parents or living off-campus. Regulations of the bill would require a waiver to allow institutions to diverge from the regulated methodology but those institutions would still need to provide their methodology for their calculation, and be able to demonstrate that they are using reliable information. 

H.R.4637 - Opportunity to Address College Hunger Act

Sponsor: Rep. Bonamici [D-OR]
Cosponsors: 1 (1D; 0R)
Introduced: 10/11/2019
NASFAA Summary & Analysis: This bill aims to address student hunger on college campuses by enabling eligible students with the information and resources needed to apply for the Supplemental Nutrition Assistance Program (SNAP) as well as encourage the federal government, states and institutions to be more proactive in their effort to address student hunger. The bill would also create a college student hunger demonstration pilot program that will test models that allow students to use SNAP to purchase food from university dining halls. 

H.R.4587 - Truth in Tuition Act of 2019

Sponsor: Rep. Cartwright [D-PA]
Cosponsors: 11 (9D; 2R)
Introduced: 10/01/2019
NASFAA Summary & Analysis: This bill would mandate that institutions provides to each admitted students regardless of level a multi-year tuition and fee schedule or a single-year tuition and fee schedule with a nonbinding multi-year estimate of net costs after all financial aid is awarded. 

H.R.4430 - Clean Data in Higher Education Act

Sponsor: Rep. Trahan [D-MA]
Cosponsors: (0)
Introduced: 09/20/2019
NASFAA Summary & Analysis: The Clean Data in Higher Education Act would aim to improve data in the higher education system by eliminating data mismatches, and cleaning up good data. Under this bill, each institution of higher education would be assigned a unique numeric identifier to be used to report and disaggregate data.

H.R.4241 - Student Loan Contract Act of 2019

Sponsor: Rep. Underwood [D-IL]
Cosponsors: 2 (2D; 0R)
Introduced: 09/06/2019
NASFAA Summary & Analysis: The Student Loan Contract Act of 2019 would mandate changing renaming the current master promissory note to a "student loan contract".

H.R.4193 - Student Loan Disclosure Transparency Act of 2019

Sponsor: Rep. Shalala [D-FL]
Cosponsors: 5 (2D; 3R)
Introduced: 08/16/2019
NASFAA Summary & Analysis: This bipartisan student loan transparency bill would both increase the frequency with which students are provided federal loan disclosures, and add a number of items to the existing list of what servicers must disclose. The bill would also require servicers to add to the pre-repayment disclosure the projected monthly payment amount and the cost of allowing interest to capitalize versus paying interest as it accrues. In addition, the bill also makes several changes to disclosures required during repayment, the first of which is to have these disclosures begin within thirty days of disbursement and to be issued monthly, regardless of whether a payment is due.

• 8/20/2019 - Bipartisan Bill to Increase Transparency in Federal Student Loan System Introduced in the House

S.2405 - Christopher Bryski Student Loan Protection Act

Sponsor: Sen. Menendez [D-NJ]
Cosponsors: 4 (4D; 0R)
Introduced: 07/31/2019
NASFAA Analysis & Coverage: This bill would require more transparent disclosures by private education loan lenders. The bill would require private education loan lenders to disclose, clearly and conspicuously, a borrower's and co-signer's obligations in the event of each other's death, disability, or inability to engage in any substantial gainful activity. It would prohibit the lender from automatically declaring a performing loan to be in default or take other adverse action if such circumstances arise. It would also require private education loan lenders to automatically release co-signers from their obligations if certain conditions are met.

S.2225 - BASIC Act

Sponsor: Sen. Harris [D-CA]
Cosponsors: 2 (2D; 0R)
Introduced: 07/23/2019
NASFAA Analysis & Coverage: This bill would require the Department of Education to identify students who may be eligible for public assistance and connect them to those programs. The bill would also create a grant to help institutions identify students who could benefit from public assistance programs. The BASIC Act would define basic needs as food, housing, transportation, child care, health care and technology.

H.R.3761 - Protecting Access to Student Transcripts Act of 2019

Sponsor: Rep. Lee [D-NV]
Cosponsors: 4 (3D; 1R)
Introduced: 07/15/2019
NASFAA Analysis & Coverage: This bill would no longer allow institutions to bar students from receiving their academic transcripts if they have defaulted on their student loans.

S.2114 - ISA Student Protection Act of 2019

Sponsor: Sen. Young [R-IN]
Cosponsors: 3 (2D; 1R)
Introduced: 07/15/2019
NASFAA Analysis & Coverage: This bill would legislation that would establish guidelines and add consumer protections to income-share agreements (ISAs), which are gaining attention as alternatives to traditional student loans, but are currently unregulated. The bill establishes that ISAs are not considered credit, and that ISA providers are not considered creditors, as those terms are defined in the Truth In Lending Act (TILA). Therefore, disclosure and timing requirements under TILA do not apply. The bill sets a minimum income (200% of the Federal Poverty Level), below which ISA recipients would not be required to make payments based on a percentage of their income. The bill specifies that neither funding received through ISAs nor any difference between the ISA amount received and the amount ultimately repaid would be considered taxable income. It also specifies that amounts received from ISAs are not considered income or assets for the purposes of calculating the Expected Family Contribution. 

• 7/19/2019 - Senators Introduce Bipartisan Bill Aimed at Regulating Income-Share Agreements

H.R.3354 - Time for Completion Act

Sponsor: Rep. Fudge, Marcia L. [D-OH]
Cosponsors: 1 (1 R; 0 D)
Introduced: 06/19/2019
NASFAA Analysis & Coverage: This bill would require institutions to report the percentage of students who complete their program on time, 150 percent of the normal time, 200 percent of the normal time, and 300 percent of the normal time. This information would be desegregated by program and type of student.

H.R.3487 - PRO Students Act

Sponsor: Rep. Takano, Mark [D-CA]
Cosponsors: 0
Introduced: 06/25/2019
NASFAA Analysis & Coverage: This bill addresses several issues regarding institutional accountability and consumer protections. The bill seeks to reform the 90-10 rule to 85-15, establish a Proprietary Education Oversight Coordination Committee, and restrict the usage of federal student aid dollars to fund institutional marketing and recruitment. The bill would require institutions to deliver a disclosure statement to students before they complete a Master Promissory Note (MPN).

H.R.3519 - Better Service to Borrowers Act of 2019

Sponsor: Rep. Schrier, Kim [D-WA]
Cosponsors: 3 (0 R; 3 D)
Introduced: 06/26/2019
NASFAA Analysis & Coverage: This bill seeks to establish a standardized manual for loan servicers to ensure quality of servicing.

S.2015 - Student Loan Disclosure Modernization Act

Sponsor: Sen. Scott, Tim [R-SC]
Cosponsors: 1 (0 R; 1 D)
Introduced: 06/27/2019
NASFAA Analysis & Coverage: This bill would establish a plain language disclosure form for student borrowers.

H.R.3547 - Students and Young Consumers Empowerment Act

Sponsor: Rep. Bonamici, Suzanne [D-OR]
Cosponsors: 1 (0 R; 1 D)
Introduced: 6/27/019
NASFAA Analysis & Coverage: This bill would establish the position of Assistant Director and Student Loan Borrower Advocate of the Bureau of Consumer Financial Protection, and establish the Office for Students and Young Consumers of the Bureau.

H.R.2321 - Understanding the True Cost of College Act of 2019

Sponsor: Rep. Van Drew (D-NJ)
Cosponsors: 0 (0 R; 0 D)
Introduced: 04/12/2019
NASFAA Analysis & Coverage: This bill would mandate standard terminology and a standard format for financial aid award offers.

• 4/15/2019 - Senators Introduce Bill Aimed at Standardizing Financial Aid Award Notifications

H.R.2129 - Empowering Students Through Enhanced Financial Counseling Act

Sponsor: Rep. Guthrie (R-KY)
Cosponsors: 1 (0 R; 1 D)
Introduced: 04/08/2019
NASFAA Analysis & Coverage: The bill would change the current one-time entrance counseling requirement for student loans and Pell Grants into an annual counseling requirement.

• 9/5/2018 - House Passes Annual Counseling Bill
• 7/24/2015 - House Introduces Package of Bipartisan Reauthorization Bills: Counseling

H.R.2006 - College Equity Act of 2019

Sponsor: Rep. Shalala (D-FL)
Cosponsors: 15 (0 R; 15 D)
Introduced: 04/01/2019
NASFAA Analysis & Coverage: This bill would establish a competitive grant program for institutions of higher education to address inequities by identifying and correcting disparities. The bill also requires higher education accrediting agencies to assess the findings of equity audits of institutions they oversee and provide related technical assistance and support.

S.889 - Net Price Calculator Improvement Act

Sponsor: Sen. Grassley (R-IA)
Co-Sponsors: 2 (1 R; 1 D)
Introduced: 03/27/2019
NASFAA Analysis & Coverage: This bill would allow the creation of a centralized website to allow students to compare estimates of their net price for individual institutions across multiple colleges at once.

• 12/12/2013 - Net Price Calculator Improvement Act Introduced In House

S.888 - Understanding the True Cost of College Act

Sponsor: Sen. Grassley (R-IA)
Co-Sponsors: 1 (1 R; 1 D)
Introduced: 03/27/2019
NASFAA Analysis & Coverage: This bill would mandate standard terminology and a standard format for financial aid award offers.

• 5/25/2012 - Sen. Franken Introduces Bill to Standardize Award Letters

S.887- Know Before You Owe Federal Student Loan Act

Sponsor: Sen. Grassley (R-IA)
Co-Sponsors: 2 (1 R; 1 D)
Introduced: 03/27/2019
NASFAA Analysis & Coverage: This bill would require entrance counseling, renamed "Pre-Loan Counseling," to be administered before the disbursement of each new loan in each award year. This bill would also create periodic disclosures, which would be sent to every loan borrower on a quarterly basis, which contain updated information on how much they've borrowed, any interest capitalization that has occurred and their individual borrower information.

S.800 - College Transparency Act

Sponsor: Sen. Cassidy (R-LA)
Co-Sponsors: 17 (9 R; 8 D)
Introduced: 03/14/2019
H.R.1766
Sponsor: Rep. Mitchell (R-MI)
Co-Sponsors: 12 (5 R; 7 D)
Introduced: 03/14/2019
NASFAA Analysis & Coverage: This bill would create a new "postsecondary student data system," thereby repealing the ban on the federal government from collecting student-level data. Supported by NASFAA, the bill aims to modernize the federal data reporting system, thereby reducing data reporting burdens on institutions. The data system would contain data elements related to student enrollment, persistence, retention, transfer, and completion measures. The bill contains several privacy provisions and includes prohibitions on the collection of certain information, including religion, course grades, and citizenship status, among others. Ultimately, the new data collection will be used to create a user-friendly portal for the public to compare institutions. The bill's provisions apply to all institutions of higher education that receive Title IV federal student aid.

• 5/16/2017 - Bipartisan Group of Senators Push to End Student Unit Record Ban

S.720 - CFPB Student Loan Integrity and Transparency Act of 2019

Sponsor: Sen. Udall (D-NM)
Co-Sponsors: 11 (0 R; 11 D)
Introduced:03/07/2019
NASFAA Analysis & Coverage: This bill would require that the Department of Education provide data on Federal Direct Loans to the Consumer Financial Protection Bureau.

H.R.1565 - Student Right to Know Before You Go Act of 2019

Sponsor: Rep. Hunter (R-CA)
Co-Sponsors: 3 (2 R; 1 D)
Introduced: 03/06/2019
S.681
Sponsor: Sen. Wyden (D-OR)
Co-Sponsors: 2 (1 R; 1 D)
Introduced: 03/06/2019
NASFAA Analysis & Coverage: This bill would facilitate the creation of a "Higher Education Data System." In addition to all current IPEDS metrics, this system would collect data, such as the percentage of students receiving federal, state, institutional and private loans and grants, student completion rates, mean and median Federal loan debt, loan repayment rates at 2-, 6-, and 15-year intervals, information on transfer students, and drop percentages. The data would also look at different student groups such as, enrollment status, veteran status, Pell Grant status, gender, age, and first-generation status.

H.R.1571 - Debt-Free College Act of 2019

Sponsor: Rep. Pocan (D-WI)
Co-Sponsors: 32 (0 R; 32 D)
Introduced: 03/06/2019
S.672
Sponsor: Sen. Schatz (D-HI)
Co-Sponsors: 9 (0 R; 9 D)
Introduced: 03/06/2019
NASFAA Analysis & Coverage: This bill would create a State-Federal partnership program that aims to provide a debt-free college experience. This program would create a commitment to cover remaining unmet financial need for eligible students. To be eligible students would need to be enrolled at an eligible institution in the state they reside, complete the FAFSA and meet SAP requirements. This bill would authorize $84 billion to create the partnership program. In addition, the Debt-Free College Act would provide full Title IV eligibility for Dreamer students and repeal the suspension of Title IV aid for students with drug-related offenses.

H.R.1161 - Student Loan Disclosure Modernization Act

Sponsor: Rep. Cleaver (D-MO)
Co-Sponsors: 1 (1 R; 0 D)
Introduced: 02/13/2019
NASFAA Analysis & Coverage: This bill would require Direct Loan borrowers to acknowledge in writing that they have read a Plain Language Disclosure Form before receiving any new Direct Loan. The bill would require consumer testing of the form, and directs the Department of Education (ED) to consult with the Federal Reserve Board, which has a consumer-tested two-page model disclosure form for private loans. In developing its form, ED would also be required to consult with institutions, borrowers, and other student aid stakeholders.

S.234 - Transparency in Student Lending Act

Sponsor: Sen. Enzi (R-WY)
Co-Sponsors: 2 (2 R; 0 D)
Introduced: 01/28/2019
H.R.811
Sponsor: Rep. Curtis (R-UT)
Co-Sponsors: 5 (5 R; 0 D)
Introduced: 01/28/2019
NASFAA Analysis & Coverage: This bill would require institutions and servicers of federal student loans to provide to borrowers, before the first disbursement of each loan, in addition to disclosure information already required related to loans, the annual percentage rate applicable to each loan the borrower receives must be provided.

H.R.63 - Student Loan Disclosure Modernization Act

Sponsor: Rep. Banks (R-IN)
Co-Sponsors: 0 (0 R; 0 D)
Introduced: 01/03/2019
NASFAA Analysis & Coverage: This bill would require Direct Loan borrowers to acknowledge in writing that they have read a Plain Language Disclosure Form before receiving any new Direct Loan. The bill would require consumer testing of the form, and directs the Department of Education (ED) to consult with the Federal Reserve Board, which has a consumer-tested two-page model disclosure form for private loans. In developing its form, ED would also be required to consult with institutions, borrowers, and other student aid stakeholders.

115th Session of Congress

114th Session of Congress

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