A bill to require disclosure of the total amount of interest that would be paid over the life of a loan for certain Federal student loans.
Student Transparency for Understanding Decisions in Education Net Terms Act or the STUDENT Act
This bill requires loan disclosure forms for federal student loans to include the total amount of interest that would be paid over the life of the loan based on a standard 10-year repayment plan.
Referred to the House Committee on Education and the Workforce.
Introduced in Senate
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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