legislation: 114-hr-5898

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
114-hr-5898 114 hr 5898 Know Your Repayment Options Act Education 2016-07-14 2016-09-19 Referred to the Subcommittee on Higher Education and Workforce Training. House Rep. Swalwell, Eric [D-CA-15] CA D S001193 8 Know Your Repayment Options Act This bill amends the Higher Education Act of 1965 to require the Department of Education (ED) to annually give federal student loan borrowers who have graduated or departed from school detailed information, including monthly amount and lifetime payment amount, for each repayment option available to the borrower. To provide this individualized information to borrowers, ED must establish a process for annual verification of the borrower's annual income and the outstanding balance of principal and interest due on federal loans. Borrowers may opt out of being provided this information. 2023-01-11T13:33:19Z  

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