HB1216
Type: B Origin: House Comments: 0

Know Before You Owe Federal Student Loan Act Of 2023

Latest Action: Introduced in House

AI Summary
User Reviews

The "Know Before You Owe Federal Student Loan Act of 2023" aims to increase transparency and provide clear information to students taking out federal student loans. The bill requires loan servicers to disclose key details about loans, such as interest rates, repayment options, and total costs. It also mandates the creation of a standardized financial aid offer form to help students compare different loan options easily. This legislation seeks to empower students with the necessary information to make informed decisions about their student loans and reduce confusion or misrepresentation in the borrowing process.

Bill Activity

  • 2023-02-27: Introduced in House

  • 2023-02-27: Referred to the House Committee on Education and the Workforce.

  • 2023-03-01: Sponsor introductory remarks on measure. (CR H976)

Overall Bill Rating

0.0
Text Versions (1)
Bill Discussion Board

Share your views on the Bill

User Icon

Min. 50 characters required  |  (0/1000 Character)

Contributions (0)
Add Contribution+2 pts.

Contribute Your Insights: Add a Unique Perspective to Political Bills. Your Contribution will be Featured Below the Primary Bill, Ordered by Date Added.