A bill to amend the Higher Education Act of 1965 to require the disclosure of the annual percentage rates applicable to Federal student loans.
Transparency in Student Lending Act
This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to expand disclosure requirements for an institution of higher education (IHE) that participates in the Direct Loan program. Specifically, it requires an IHE to disclose, prior to disbursement, the annual percentage rate applicable to a Direct Loan.
Referred to the Subcommittee on Higher Education and Workforce Training.
Introduced in Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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