State-Based Education Loan Awareness Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Mar 16, 2026)
State-Based Education Loan Awareness Act
This bill excludes certain arrangements or agreements regarding education loans from the definition of a preferred lender arrangement.
A preferred lender arrangement is an arrangement or agreement between a lender and an institution of higher education (IHE) that receives federal funding or assistance (1) under which a lender issues education loans to students attending the IHE; and (2) that relates to the IHE recommending, promoting, or endorsing the education loan products of the lender.
The bill provides that arrangements or agreements made under a state-based education loan program do not meet the definition of a preferred lender agreement for purposes of certain required disclosures to student borrowers.
What just happenedAug 4, 2026
Placed on Senate Legislative Calendar under General Orders. Calendar No. 539.
Who’s behind it
- Reported to SenateAug 4, 2026
- Introduced in SenateMar 16, 2026
- Aug 4, 2026Calendars
Placed on Senate Legislative Calendar under General Orders. Calendar No. 539.
- Aug 4, 2026Committee
Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
Health, Education, Labor, and Pensions Committee - Aug 4, 2026Committee14000
Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
Health, Education, Labor, and Pensions Committee - Jul 30, 2026Committee
Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.
Health, Education, Labor, and Pensions Committee - Mar 19, 2026Committee
Committee on Health, Education, Labor, and Pensions. Hearings held.
Health, Education, Labor, and Pensions Committee - Mar 16, 2026IntroReferral
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Health, Education, Labor, and Pensions Committee - Mar 16, 2026IntroReferral10000
Introduced in Senate