Summary: H.R.5838 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.5838. Bill summaries are authored by CRS.

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Introduced in House (07/14/2016)

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.