Simplifying Access to Student Loan Information Act of 2022
Summary
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Dec 2022
Committee Review
Floor Vote
President
Introduced Dec 14, 2022
Last action Dec 14, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Dec 14, 2022
Senate · Referred to committee
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Dec 14, 2022
Senate · Introduced
Introduced in Senate
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jeanne Shaheen
DDemocratic
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