LEADS Act of 2016
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jul 13, 2016)
Letter of Estimated Annual Debt for Students Act of 2016 or the LEADS Act of 2016
This bill amends the Higher Education Act of 1965 by requiring institutions of higher education to provide to each student with education loans for attending the institution an estimate of student loan borrowing costs, including: (1) the cumulative balance of education loans owed by the student, (2) the amount of new education loans expected to be disbursed during the year, (3) the projected cumulative balance of education loans that will be owed by the student after the student graduates, and (4) projected monthly payments to repay the loans. The estimates must be given to students before each academic year succeeding the one for which a loan was first received.
What just happenedSep 19, 2016
Referred to the Subcommittee on Higher Education and Workforce Training.
Who’s behind it
- Introduced in HouseJul 13, 2016
- Sep 19, 2016Committee
Referred to the Subcommittee on Higher Education and Workforce Training.
Higher Education and Workforce Development Subcomittee - Jul 13, 2016IntroReferralH11100
Referred to the House Committee on Education and the Workforce.
Education and the Workforce Committee - Jul 13, 2016IntroReferralIntro-H
Introduced in House
- Jul 13, 2016IntroReferral1000
Introduced in House