HB4616: Informed Student Borrowing Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To modify requirements relating to financial aid disclosures.
Plain-language summary
This bill would change the rules for how colleges and lenders inform students about financial aid and student loans. Financial aid disclosures are written documents that explain loan amounts, interest rates, repayment terms, and other important details. The bill aims to make sure students understand what they're borrowing before taking out loans. The bill was introduced in 2023 and is currently awaiting action in .
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HB4616: Informed Student Borrowing Act of 2023