To require disclosure of the total amount of interest that would be paid over the life of a loan for certain Federal student loans.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
Requires federal student loan disclosures to show the total amount of interest that would be paid over the life of a loan under the standard repayment plan.
Who Benefits and How
Student borrowers could receive clearer up-front information about the long-term borrowing cost of their federal student loans.
Who Bears the Burden and How
Federal student loan administrators would have to update required loan disclosures to calculate and display total life-of-loan interest.
Key Provisions
- Adds a requirement that federal student loan disclosures include total interest over the life of the loan.
- Ties the disclosure to the standard repayment plan based on the borrower's total outstanding principal.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Requires federal student loan disclosures to show the total amount of interest that would be paid over the life of a loan under the standard repayment plan.
Key Policy Areas
Education, Finance, Government Operations
Primary Purpose
Requires federal student loan disclosures to show the total amount of interest that would be paid over the life of a loan under the standard repayment plan.
Policy Domains
Main Provisions
Identified Gains
Contextual inference, no direct clause citation- Federal student loan borrowers
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- Federal student loan administrators and servicers updating disclosures
Contextual inference, no direct clause citation
Sponsors
Legislative Progress
IntroducedMr. Feenstra (for himself, Mrs. Hinson, and Mr. Nunn of …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Federal student loan borrowers receiving clearer cost disclosures
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology