S 4097
State-Based Education Loan Awareness Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 7:26 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill clarifies that state-run education loan programs are exempt from certain requirements related to preferred lender arrangements under the Higher Education Act. Specifically, it defines ‘State-based education loan program’ and outlines criteria for eligibility, including favorable interest rates and required counseling for borrowers about federal loan options. The goal is to encourage states to offer alternative education loan options and ensure students are aware of federal loan opportunities before pursuing private loans. This legislation aims to increase transparency and borrower awareness in the education loan market.
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