To amend the Higher Education Act of 1965 to require the Secretary of Education to provide student borrowers with instruction in general principles of financial literacy through its online counseling tool, and for other purposes.
Financial Literacy for Financial Aid Act
This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to direct the Department of Education to maintain a consumer-tested online counseling tool that provides required entrance counseling to a student who is a first-time federal student loan borrower.
Introduced in House
Introduced in House
Referred to the House Committee on Education and the Workforce.
Referred to the Subcommittee on Higher Education and Workforce Training.
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