Senate Bill 2015
116th Congress(2019-2020)
Student Loan Disclosure Modernization Act
Introduced
Introduced in Senate on Jun 27, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2015
Congress
116
Policy Area
Education
Education
Primary focus of measure is elementary, secondary, or higher education including special education and matters of academic performance, school administration, teaching, educational costs, and student aid.
No Senate votes have been held for this bill.
Summary
Student Loan Disclosure Modernization Act
This bill requires loan disclosure forms for federal student loans to be written in plain language, thus enabling borrowers to understand loan terms, total costs of loans, and estimated monthly repayments. Borrowers must acknowledge in writing that they have read the form before the loans are issued.
June 27, 2019
06/27/2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
06/27/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 1:50:51 PM