S 1464 · 117th Congress · Education

Student Loan Disclosure Modernization Act

Introduced 2021-04-29· Sponsored by Sen. Scott, Tim [R-SC]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.(2021-04-29)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Sen. Manchin, Joe, III [D-WV]WV