Referred to the House Committee on Education and Workforce.
The bill amends the Higher Education Act to strengthen pre-loan (formerly entrance) counseling, require students to manually confirm the exact Federal Direct Loan dollar amount they intend to borrow, and mandate quarterly statements to borrowers during periods when payments are not required. Counseling must include debt-to-income estimates using program starting-wage data, total estimated debt (federal, known private, and projected future loans), borrowing-reduction options, and warnings about interest capitalization and on-time graduation.
Left emphasizes consumer protection and over-borrowing reduction.
Relative to its intended legislative type, this bill is a focused statutory amendment that substantively alters pre-loan counseling and borrower disclosure obligations under the Higher Education Act with clear, concrete requirements integrated into existing statutory structure.
The bill amends the Higher Education Act to strengthen pre-loan (formerly entrance) counseling, require students to manually confirm the exact Federal Direct Loan dollar amount they intend to borrow, and mandate quarterly statements to borrowers during periods when payments are not required.
Counseling must include debt-to-income estimates using program starting-wage data, total estimated debt (federal, known private, and projected future loans), borrowing-reduction options, and warnings about interest capitalization and on-time graduation.
It also updates related statutory terminology from "entrance" to "pre-loan" counseling and interviews.
Technically narrow and consumer-focused, improving chances; added operational costs for institutions/servicers and legislative agenda pressure reduce likelihood.
Relative to its intended legislative type, this bill is a focused statutory amendment that substantively alters pre-loan counseling and borrower disclosure obligations under the Higher Education Act with clear, concrete requirements integrated into existing statutory structure.
Left emphasizes consumer protection and over-borrowing reduction.
These are examples from the analysis, not a ranked list of the most-affected groups.
Left emphasizes consumer protection and over-borrowing reduction.
Likely broadly supportive because the bill increases transparency, discourages over-borrowing, and provides actionable borrower information.
It aligns with consumer protection goals though advocates may want stronger measures like caps or expanded protections for low-income students.
Generally favorable to improved disclosure and informed consent but cautious about implementation costs and data accuracy.
Support likely contingent on clear rules, standardized forms, and resources to avoid delaying aid.
Skeptical; views the bill as additional federal regulation that may increase costs, create friction in access to loans, and encourage discouraging counseling that reduces enrollment.
Prefers lighter-touch consumer information and fewer prescriptive rules.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Technically narrow and consumer-focused, improving chances; added operational costs for institutions/servicers and legislative agenda pressure reduce likelihood.
The bill has not accumulated any surfaced votes yet.
Left emphasizes consumer protection and over-borrowing reduction.
Technically narrow and consumer-focused, improving chances; added operational costs for institutions/servicers and legislative agenda press…
Relative to its intended legislative type, this bill is a focused statutory amendment that substantively alters pre-loan counseling and borrower disclosure obligations under the Higher Education Act with clear, concrete…
Go beyond the headline summary with full stakeholder mapping, legislative design analysis, passage barriers, and lens-by-lens tradeoff breakdowns.