Student Loan Contract Act of 2025

This bill requires federal student loans under part D of the Higher Education Act to use a standardized "student loan contract" (replacing the current "master promissory note") for loans disbursed on or after its effective date. It specifically restricts each contract to apply only to the same academic award year as the initial loans it covers, preventing its use across multiple enrollment periods. The law directly affects undergraduate and graduate students receiving federal loans under part D, as it changes how their loan agreements are structured and applied. Key provisions include renaming loan documents and clarifying their limited scope to a single award year.