STUDENT Act

HR 6134, the STUDENT Act, amends the Higher Education Act to require student loan lenders to provide clearer interest disclosures. It mandates that borrowers receive the total amount of interest they will pay over the life of their loan, calculated using the standard repayment plan based on their total outstanding principal. This change directly affects student loan borrowers by making long-term loan costs more transparent upfront. The key mechanism is adding this lifetime interest figure to existing disclosure forms required under Section 433(a).