H.R. 5838 · 114th Congress
Transparency in Student Lending Act
- Stage
- In committee
- Sponsor
- Randy Hultgren
- Introduced
- 2016-07-14
- Latest action
- 2016-09-19 · Referred to the Subcommittee on Higher Education and Workforce Training.
Summary
Transparency in Student Lending Act
This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to expand disclosure requirements for an institution of higher education (IHE) that participates in the Direct Loan program. Specifically, it requires an IHE to disclose, in federal student loan application materials, the annual percentage rate applicable to a Direct Loan.