HR 7964
Student act
Student Act
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- Passed House
- Passed Senate
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- Became Law
Bill overview
This bill, the Student Transparency for Understanding Decisions in Education Net Terms Act (STUDENT Act), aims to improve transparency for borrowers of federal student loans. It requires loan disclosure forms to include an estimate of the total interest that will be paid over the loan’s lifetime, assuming a standard 10-year repayment plan. This information will help borrowers better understand the true cost of their loans and make more informed repayment decisions. The goal is to provide clearer financial information to students before they take out loans.
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