A bill to increase students' and borrowers' access to student loan information within the National Student Loan Data System.
Simplifying Access to Student Loan Information Act of 2022
This bill expands the National Student Loan Data System (NSLDS) to include information about private education loans.
Specifically, the bill requires private educational lenders to submit to the NSLDS information regarding private education loans made to borrowers, including the outstanding balances and interest rates of such loans. Currently, only federal student loan information is available in the NSLDS.
The bill requires the Department of Education to
Introduced in Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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