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Senate Bill 469
118th Congress(2023-2024)
STUDENT Act
Introduced
Introduced
Introduced in Senate on Feb 16, 2023
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Text
Introduced in Senate 
Feb 16, 2023
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Introduced in Senate(Feb 16, 2023)
Feb 16, 2023
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 469 (Introduced-in-Senate)


118th CONGRESS
1st Session
S. 469


To require disclosure of the total amount of interest that would be paid over the life of a loan for certain Federal student loans.

IN THE SENATE OF THE UNITED STATES

February 16, 2023

Ms. Ernst (for herself, Mr. Grassley, Mr. Johnson, Ms. Hassan, Mr. Manchin, and Mr. Kaine) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions

A BILL

To require disclosure of the total amount of interest that would be paid over the life of a loan for certain Federal student loans.

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 “Student Transparency for Understanding Decisions in Education Net Terms Act” or the “STUDENT Act”.

SEC. 2. Interest disclosure.

Section 433(a) of the Higher Education Act of 1965 (20 U.S.C. 1083(a)) is amended—

(1) by redesignating paragraphs (18) and (19) as paragraphs (19) and (20), respectively; and

(2) by inserting after paragraph (17) the following:

“(18) the total amount of interest that would be paid over the life of the loan based on a standard 10-year repayment plan;”.