S 5209
Student Loan Literacy Act of 2022
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- Passed Senate
- Passed House
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- Became Law
Bill overview
The Student Loan Literacy Act of 2022 aims to improve student loan assistance for borrowers by establishing a grant program for community-based nonprofit organizations. These organizations will provide services like answering borrower questions, assisting with complaints, and educating borrowers about their rights and responsibilities related to federal student loans. The bill also requires the Department of Education to maintain a public list of funded programs and ensure loan servicers provide dedicated liaisons for communication and issue resolution.
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