The Student Loan Accountability Act is a federal bill aimed at addressing issues related to student loans. It proposes provisions to increase transparency in student lending, enhance borrower protections, and improve oversight of loan servicers. The bill aims to hold colleges accountable for student loan outcomes, improve financial literacy among borrowers, and establish mechanisms to prevent predatory practices in the student loan industry. If enacted, this legislation could help alleviate the burden of student debt on individuals and promote responsible lending practices within the higher education sector.
2023-03-17: Introduced in House
2023-03-17: Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2023-03-24: Referred to the Subcommittee on Health.
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