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To require disclosure of the total amount of interest that would be paid over the life of a loan for certain Federal student loans.
Summary
This bill requires federal student loan disclosures to include the total amount of interest that would be paid over the life of a loan using the standard repayment plan. The total interest calculation is based on the borrower's total outstanding principal on all their federal loans. This disclosure requirement is added to the existing loan documentation that borrowers receive when taking out federal student loans.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Ernst, Joni [R-IA] (R-IA)
7 cosponsors
- Sen. Grassley, Chuck [R-IA] (R-IA)
- Sen. Hassan, Margaret Wood [D-NH] (D-NH)
- Sen. Kaine, Tim [D-VA] (D-VA)
- Sen. Klobuchar, Amy [D-MN] (D-MN)
- Sen. Moody, Ashley [R-FL] (R-FL)
- Sen. Ricketts, Pete [R-NE] (R-NE)
- Sen. Schmitt, Eric [R-MO] (R-MO)
Money behind the sponsor
Top reported contributors to Joni Ernst’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $57,653
- CAPITAL GROUP $40,000
- SOROBAN CAPITAL $13,200
- CAPITAL GROUP COMPANIES $7,500
- GOOGLE $6,800
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Joni Ernst → · Outside spending →
Actions (2)
- Sep 10, 2025 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. · senate
- Sep 10, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
September 10, 2025
Ms. Ernst (for herself, Ms. Klobuchar, Mr. Kaine, Mrs. Moody, Mr. Grassley, and Ms. Hassan) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions
A BILL
To require disclosure of the total amount of interest that would be paid over the life of a loan for certain Federal student loans.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Student Transparency for Understanding Decisions in Education Net Terms Act” or the “STUDENT Act”.
SEC. 2. INTEREST DISCLOSURE.
Section 455(p) of the Higher Education Act of 1965 (20 U.S.C. 1087e(p)) is amended—
(1) by striking “shall, with respect to loans” and inserting the following: “shall—
“(1) with respect to loans”;
(2) by striking “part B.” and inserting “part B; and”; and
(3) by adding at the end the following:
“(2) include in the disclosure required under section 433(a) the total amount of interest that would be paid over the life of the loan, using the standard repayment plan applicable based on the total outstanding principal of all loans of the borrower.”. <all>
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