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H.R. 1161

Student Loan Disclosure Modernization Act

Student Loan Disclosure Modernization Act

This bill requires loan disclosure forms for federal student loans to be written in plain language, thus enabling borrowers to understand loan terms, total costs of loans, and estimated monthly repayments. Borrowers must acknowledge in writing that they have read the form before the loans are issued.

Referred to the House Committee on Education and Labor.

Rep. Cleaver, Emanuel [D-MO-5](D-MO)Sponsor
15 cosponsors11 D4 R
15cosponsors1committees3actions2related bills4subjects
  1. IntroReferralH11100

    Referred to the House Committee on Education and Labor.

    Education and the Workforce Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Student Loan Disclosure Modernization Act — Informed