Know Before You Owe Federal Student Loan Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1559 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1559 To revise counseling requirements for certain borrowers of student loans, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 1, 2025 Mr. Grassley (for himself and Ms. Smith) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions _______________________________________________________________________ A BILL To revise counseling requirements for certain borrowers of student loans, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Know Before You Owe Federal Student Loan Act of 2025''. SEC. 2. PRE-LOAN COUNSELING AND CERTIFICATION OF LOAN AMOUNT. Section 485(l) of the Higher Education Act of 1965 (20 U.S.C. 1092(l)) is amended-- (1) in the subsection heading, by striking ``Entrance Counseling'' and inserting ``Pre-Loan Counseling''; (…