The Student Loan Disclosure Transparency Act of 2023 aims to enhance transparency in student loans. The bill requires lenders to provide borrowers with clear and comprehensive information about their loan terms, including interest rates, repayment options, and total costs. It also mandates the creation of a user-friendly online platform for borrowers to access and manage their loan information easily. This bill seeks to empower students by ensuring they have the necessary details to make informed decisions about their student loans and understand their financial obligations clearly.
2023-03-03: Introduced in House
2023-03-03: Referred to the House Committee on Education and the Workforce.
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