Summary: H.R.1161 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.1161. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/13/2019)

Student Loan Disclosure Modernization Act

This bill requires loan disclosure forms for federal student loans to be written in plain language, thus enabling borrowers to understand loan terms, total costs of loans, and estimated monthly repayments. Borrowers must acknowledge in writing that they have read the form before the loans are issued.