S. 781 · 114th Congress
Empowering Student Borrowers Act
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
DonnellySponsor1 cosponsor · 1 R
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Higher Education Act of 1965 to direct the Secretary of Education to establish, maintain, and periodically update best practices for institutions of higher education in: (1) teaching financial literacy skills, and (2) providing students with useful and necessary information to assist them in making financial decisions related to student borrowing.
What it does: CRS summary · Introduced in Senate · Mar 18, 2015
Empowering Student Borrowers Act
Amends the Higher Education Act of 1965 to direct the Secretary of Education to establish, maintain, and periodically update best practices for institutions of higher education in: (1) teaching financial literacy skills, and (2) providing students with useful and necessary information to assist them in making financial decisions related to student borrowing.
Requires those practices to include:
- methods to ensure that students have a clear sense of their total borrowing obligations;
- the most effective ways to engage students in financial literacy education;
- information on how to target different student populations, including part-time students, first-time students, and other nontraditional students; and
- ways to clearly communicate the importance of graduating on a student's ability to repay student loans.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Empowering Student Borrowers Act
Latest action (Mar 18, 2015): Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Policy area: Education · Origin: Senate · Introduced: Mar 18, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.