STUDENT Act

The STUDENT Act (HR 1125) requires lenders to disclose the total interest a borrower would pay over the life of a federal student loan under a standard 10-year repayment plan. This provision directly affects students taking out federal loans by providing clearer information about the full cost of borrowing upfront. The bill amends the Higher Education Act to add this specific disclosure requirement to loan terms. The change aims to increase transparency in student loan financing without altering repayment terms or interest rates.