To amend the Higher Education Act of 1965 to direct the Secretary of Education to provide each borrower with an individualized repayment guide.
Know Your Repayment Options Act
This bill requires the Department of Education to annually give federal student loan borrowers who have graduated or departed from school individualized loan repayment information, including monthly amounts and lifetime payment amounts, for each repayment option available to the borrowers. Borrowers may opt out of being provided this information.
Introduced in House
Introduced in House
Referred to the House Committee on Education and Labor.
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