Know Before You Owe Federal Student Loan Act of 2017
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
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vs 3,805 other S bills in the 115th — cohort avg 41d
Know Before You Owe Federal Student Loan Act of 2017 This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to expand lender disclosure requirements. A lender must provide a quarterly statement to a Federal Family Education Loan or Direct Loan borrower during a period when loan payments are not required. Such statement must include the current loan balance, original principal loan amount, interest rate, total interest paid, aggregate payments, the lender's or servicer's contact information, accumulated interest amount, and information about making payments while a student to offset interest accrual. It must also explain the option to pay accrued interest before it capitalizes and suggest a payment amount based on interest charged. Additionally, the legislation modifies loan counseling requirements for an institution of higher education (IHE) that participates in federal student aid programs. Currently, an IHE must provide one-time entrance counseling to a student who is a first-time federal student loan borrower. This bill requires an IHE to provide pre-loan counseling to a student borrower of a federal student loan at or prior to the first disbursement of each new loan. It revises and expands required elements of pre-loan counseling to include a borrower's estimated debt-to-income ratio at graduation, a statement to borrow the minimum necessary amount, a warning that high debt-to-income ratio makes repayment more difficult, options to reduce borrowing, and an explanation of the importance of on-time graduation. Prior to certifying a Federal Direct Loan disbursement to a student, an IHE must ensure that such student manually enters the exact dollar amount of the loan.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (3)
2019 · first_quarter · Education
Support and pass re-authorization of the Higher Education Act that advocates for simpler FAFSA applications, gainful employment policy from universities, and an overhaul of the loan repayment system. Higher Education Act Re-authorization and Workforce Development issues including investment in STEM education financial aid, campus health and safety, sexual assault prevention; support redefining the criteria included in the Department of Education's proposed changes to regulations implementing Title IX of the Education Amendments of 1972 without the proposed language, "pervasive, Severe, and objectively effective"; do not support allowance of cross examinations in internal adjudication processes, support reverting to the standard of evidence back to "preponderance of evidence" as opposed to "Clear and convincing evidence"; support expanding the Garrett Lee Smith Memorial Grant through legislation similar to H.R. 339 from 114th Congress; Continue to increase funding for mental health programs and initiatives; Support mental health services for students. Support legislation with similar language as S.1628 "know before you owe Act" introduced in 115th Congress; support maintaining Pell grant above inflationary rates; support reauthorizing the Leveraging Education Assistance Partnership Program within the Higher Education Re-authorization act to expand student access to institutions of Higher Education and strengthen the relationship between students, states, and the federal government; discussed Congressperson's general proposal regarding study abroad opportunities for Pell grant students. Support and pass bill such as H.R. 1043 and S.460 "Employer Participation in Repayment Act of 2019" to allow employers to contribute tax-free payments towards their employees' student loans. Support and pass legislation such as H.R. 231 "Supporting America's Young Entrepreneurs Act of 2019" to encourage small business and start-up growth through no-interest deferment and loan forgiveness programs particularly in economically distressed regions. Campus sexual misconduct prevention and accountability; support H.R. 36, support H.R.761. Support use of the definition of sexual harassment described by the Equal Employment Opportunity Commission (EEOC) and the White House Task Force to Protect Students from Sexual Assault as "unwelcome conduct of a sexual nature, including unwelcome sexual advances, requests for sexual favors, and other verbal, nonverbal or physical conduct of a sexual nature" for Title IX regulations. Require universities to investigate Title IX complaints when incidents take place on and off campus.
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $90,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · fourth_quarter · Medicare/Medicaid
340B Program rules; HR1628; S428; S1016 / HR2556; S870; S445 / HR1825; S1361; S1628;HConRes 71; HR4710; HR4392;OPPS CY2019 Proposed Rule;
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Medicare/Medicaid
340B Program rules; HR1628; S428; S1016 / HR2556; S870; S445 / HR1825; S1361; S1628;HConRes 71; HR4710; HR4392;OPPS CY2019 Proposed Rule;
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · second_quarter · Medicare/Medicaid
340B Program rules; HR1628; S428; S1016 / HR2556; S870; S445 / HR1825; S1361; S1628;HConRes 71; HR4710; HR4392;
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · first_quarter · Medicare/Medicaid
340B Program rules; HR1628; S428; S1016 / HR2556; S870; S445 / HR1825; S1361; S1628;HConRes 71; HR4710; HR4392;
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · fourth_quarter · Medicare/Medicaid
340B Program rules; HR1628; S428; S1016 / HR2556; S870; S445 / HR1825; S1361; S1628;HConRes 71;
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · third_quarter · Medicare/Medicaid
340B Program rules; HR1628; S428; S1016 / HR2556; S870; S445 / HR1825; S1361; S1628;HConRes 71;
Client expense: Not reported · Firm income: $10,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · third_quarter · Health Issues
H.R. 959/S. 1109 - the Title VIII Nursing Workforce Development Programs Reauthorization Act S. 1628 - Better Care Reauthorization Act of 2017 Graham-Cassidy-Heller-Johnson (GCHJ) health care reform proposal Alexander-Murray health proposal Extension of Children's Health Insurance Program (CHIP) funding
Client expense: $10,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), HOUSE OF REPRESENTATIVES, SENATE
2017 · second_quarter · Health Issues
H.R. 959/S. 1109 - the Title VIII Nursing Workforce Development Programs Reauthorization Act S. 1628 - Better Care Reauthorization Act of 2017
Client expense: $25,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE