S. 5256 · 117th Congress
Simplifying Access to Student Loan Information Act of 2022
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
ShaheenSponsorNo cosponsors.
This bill expands the National Student Loan Data System (NSLDS) to include information about private education loans.
What it does: CRS summary · Introduced in Senate · Dec 14, 2022
Simplifying Access to Student Loan Information Act of 2022
This bill expands the National Student Loan Data System (NSLDS) to include information about private education loans.
Specifically, the bill requires private educational lenders to submit to the NSLDS information regarding private education loans made to borrowers, including the outstanding balances and interest rates of such loans. Currently, only federal student loan information is available in the NSLDS.
The bill requires the Department of Education to
- ensure that a cosigner of a private education loan for which information is included in the NSLDS has access only to that information in a separate account,
- ensure that a private educational lender has access to the NSLDS only to submit information regarding the lender's loans, and
- establish a functionality within the NSLDS that enables a student borrower of federal student loans to input the information necessary to compare repayment plans.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Simplifying Access to Student Loan Information Act of 2022
Latest action (Dec 14, 2022): Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Policy area: Education · Origin: Senate · Introduced: Dec 14, 2022
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.