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Know Before You Owe Federal Student Loan Act of 2019
Legislative Progress
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Know Before You Owe Federal Student Loan Act of 2019 This bill expands lender disclosure requirements and modifies loan counseling 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, including specified information on the loan and interest amounts. The statement must also explain the option to pay accrued interest while a student is in deferment or forbearance. The bill requires an institution of higher education (IHE) that participates in federal student aid programs to provide pre-loan counseling to a student borrower of a federal student loan upon or prior to the first disbursement of each new loan. Currently, an IHE must provide one-time entrance counseling to a student who is a first-time federal student loan borrower. The bill also revises and expands required elements of pre-loan counseling to include an estimate of the borrower's monthly payment amount compared to the borrower's estimated monthly income after taxes and other expenses, a statement to borrow the minimum necessary amount, a warning that a 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 the 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)
2020 · fourth_quarter · Education
S. 887, Know Before You Owe Federal Student Loan Act of 2019; S. 768 / H.R. 1707, Bank on Students Emergency Loan Refinancing Act; H.R. 1161, Student Loan Disclosure Modernization Act; S. 234 / H.R. 811, Transparency in Student Lending Act; S.1696, "Student Loan Tax Elimination Act"; S. 3548, "Coronavirus Aid, Relief, and Economic Security Act" or the "CARES Act"; H.R. 6800, the "Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act"; H.R. 8406, the Health and Economic Recovery Omnibus Solutions (HEROES) Act; H.R. 6397, the Coronavirus Emergency Student Loan Refinancing Act
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: $170,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · fourth_quarter · Education
Issues related to private student lending, including post-secondary education and private student lending: -HR 655 - Student Loan Repayment Assistance Act of 2019 -S. 887 - Know Before You Owe Federal Student Loan Act of 2019 -HR 1070 - Student Loan Interest Tax Deduction Expansion Act -HR 1798 - Students and Families Empowerment Act -S. 234 & HR 811 -Transparency in Student Lending Act -S. 720 - CFPB Student Loan Integrity and Transparency Act -HR 63 - Student Loan Disclosure Modernization Act -HR 781 - Student Loan Relief for Feds Act -S. 968 - Protect Student Borrowers Act of 2019 -S. 460 - Employer Participation in Repayment Act of 2019 -HR 770 - Student Loans in Bankruptcy Act of 2019 -HR 1899 - Student Loan Refinancing and Recalculation Act -S.888 - The True Cost of College Act of 2019 -S.681 & HR 1565 - Student Right to Know Before you Go Act -S. 768 & HR 1707 - Bank on Students Emergency Loan Refinancing Act -S. 800 & HR 1766 - College Transparency Act -S.867 - Protect Students Act of 2019 -HR 1810 - Kids to College Act of 2019 -S. 627 - SAFE Act of 2019 -S. 2557 Student Aid Improvement Act of 2019 -S. 3548 - CARES Act -HR 6316 - Emergency Assistance for Student Borrowers Act -HR 6800 - The Heroes Act -HR 6397 - The William M (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (Dean and Adams Amendments)
Client expense: $550,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Treasury, Dept of
2020 · third_quarter · Education
S. 887, Know Before You Owe Federal Student Loan Act of 2019; S. 768 / H.R. 1707, Bank on Students Emergency Loan Refinancing Act; H.R. 1161, Student Loan Disclosure Modernization Act; S. 234 / H.R. 811, Transparency in Student Lending Act; S.1696, "Student Loan Tax Elimination Act"; S. 3548, "Coronavirus Aid, Relief, and Economic Security Act" or the "CARES Act"; H.R. 6800, the "Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act"; H.R. 8406, the Health and Economic Recovery Omnibus Solutions (HEROES) Act; H.R. 6397, the Coronavirus Emergency Student Loan Refinancing Act
Client expense: $190,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · third_quarter · Education
Issues related to private student lending, including: -HR 655 - Student Loan Repayment Assistance Act of 2019 -S. 887 - Know Before You Owe Federal Student Loan Act of 2019 -HR 1070 - Student Loan Interest Tax Deduction Expansion Act -HR 1798 - Students and Families Empowerment Act -S. 234 & HR 811 -Transparency in Student Lending Act -S. 720 - CFPB Student Loan Integrity and Transparency Act -HR 63 - Student Loan Disclosure Modernization Act -HR 781 - Student Loan Relief for Feds Act -S. 968 - Protect Student Borrowers Act of 2019 -S. 460 - Employer Participation in Repayment Act of 2019 -HR 770 - Student Loans in Bankruptcy Act of 2019 -HR 1899 - Student Loan Refinancing and Recalculation Act -S.888 - The True Cost of College Act of 2019 -S.681 & HR 1565 - Student Right to Know Before you Go Act -S. 768 & HR 1707 - Bank on Students Emergency Loan Refinancing Act -S. 800 & HR 1766 - College Transparency Act -S.867 - Protect Students Act of 2019 -HR 1810 - Kids to College Act of 2019 -S. 627 - SAFE Act of 2019 -S. 2557 Student Aid Improvement Act of 2019 -S. 3548 - CARES Act -HR 6316 - Emergency Assistance for Student Borrowers Act -HR 6800 - The Heroes Act -HR 6397 - The William M (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 (Dean and Adams Amendments)
Client expense: $600,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Treasury, Dept of
2020 · second_quarter · Education
Issues related to private student lending, including: -HR 655 - Student Loan Repayment Assistance Act of 2019 -S. 887 - Know Before You Owe Federal Student Loan Act of 2019 -HR 1070 - Student Loan Interest Tax Deduction Expansion Act -HR 1798 - Students and Families Empowerment Act -S. 234 & HR 811 -Transparency in Student Lending Act -S. 720 - CFPB Student Loan Integrity and Transparency Act -HR 63 - Student Loan Disclosure Modernization Act -HR 781 - Student Loan Relief for Feds Act -S. 968 - Protect Student Borrowers Act of 2019 -S. 460 - Employer Participation in Repayment Act of 2019 -HR 770 - Student Loans in Bankruptcy Act of 2019 -HR 1899 - Student Loan Refinancing and Recalculation Act -S.888 - The True Cost of College Act of 2019 -S.681 & HR 1565 - Student Right to Know Before you Go Act -S. 768 & HR 1707 - Bank on Students Emergency Loan Refinancing Act -S. 800 & HR 1766 - College Transparency Act -S.867 - Protect Students Act of 2019 -HR 1810 - Kids to College Act of 2019 -S. 627 - SAFE Act of 2019 -S. 2557 Student Aid Improvement Act of 2019 -S. 3548 - CARES Act -HR 6316 - Emergency Assistance for Student Borrowers Act -HR 6800 - The Heroes Act
Client expense: $430,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Treasury, Dept of
2020 · second_quarter · Education
S. 887, Know Before You Owe Federal Student Loan Act of 2019; S. 768 / H.R. 1707, Bank on Students Emergency Loan Refinancing Act; H.R. 1161, Student Loan Disclosure Modernization Act; S. 234 / H.R. 811, Transparency in Student Lending Act; S.1696, "Student Loan Tax Elimination Act"; S. 3548, "Coronavirus Aid, Relief, and Economic Security Act" or the "CARES Act"; H.R. 6800, the "Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act".
Client expense: $150,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · first_quarter · Education
S. 887, Know Before You Owe Federal Student Loan Act of 2019; S. 768 / H.R. 1707, Bank on Students Emergency Loan Refinancing Act; H.R. 1161, Student Loan Disclosure Modernization Act; S. 234 / H.R. 811, Transparency in Student Lending Act; S.1696, "Student Loan Tax Elimination Act"; S. 3548, "Coronavirus Aid, Relief, and Economic Security Act" or the "CARES Act".
Client expense: $640,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · first_quarter · Education
Issues related to private student lending, including: -HR 655 - Student Loan Repayment Assistance Act of 2019 -S. 887 - Know Before You Owe Federal Student Loan Act of 2019 -HR 1070 - Student Loan Interest Tax Deduction Expansion Act -HR 1798 - Students and Families Empowerment Act -S. 234 & HR 811 -Transparency in Student Lending Act -S. 720 - CFPB Student Loan Integrity and Transparency Act -HR 63 - Student Loan Disclosure Modernization Act -HR 781 - Student Loan Relief for Feds Act -S. 968 - Protect Student Borrowers Act of 2019 -S. 460 - Employer Participation in Repayment Act of 2019 -HR 770 - Student Loans in Bankruptcy Act of 2019 -HR 1899 - Student Loan Refinancing and Recalculation Act -S.888 - The True Cost of College Act of 2019 -S.681 & HR 1565 - Student Right to Know Before you Go Act -S. 768 & HR 1707 - Bank on Students Emergency Loan Refinancing Act -S. 800 & HR 1766 - College Transparency Act -S.867 - Protect Students Act of 2019 -HR 1810 - Kids to College Act of 2019 -S. 627 - SAFE Act of 2019 -S. 2557 Student Aid Improvement Act of 2019 -S. 3548 - CARES Act -HR 6316 - Emergency Assistance for Student Borrowers Act
Client expense: $920,000 · Firm income: Not reported
2020 · first_quarter · Education
Federal Student Loans, Federal Work Study, Pell Grant, TRIO, Supplemental Educational Opportunity Grant (SEOG); HEA Reauthorization; Public Service Loan Forgiveness Program S.234-Transparency in Student Lending Act S.460-Employer Participation in Repayment Act S.800-College Transparency Act S.887-Know Before You Owe Federal Student Loan Act S.888-Understanding the True Cost of College Act S.889-Net Price Calculator Improvement Act Department of Education Feb. 2020 revised Sec. 117 ICR Title IX Regulation
Client expense: $40,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), HOUSE OF REPRESENTATIVES, SENATE
2019 · fourth_quarter · Education
Issues related to private student lending, including: -HR 655 - Student Loan Repayment Assistance Act of 2019 -S. 887 - Know Before You Owe Federal Student Loan Act of 2019 -HR 1070 - Student Loan Interest Tax Deduction Expansion Act -HR 1798 - Students and Families Empowerment Act -S. 234 & HR 811 -Transparency in Student Lending Act -S. 720 - CFPB Student Loan Integrity and Transparency Act -HR 63 - Student Loan Disclosure Modernization Act -HR 781 - Student Loan Relief for Feds Act -S. 968 - Protect Student Borrowers Act of 2019 -S. 460 - Employer Participation in Repayment Act of 2019 -HR 770 - Student Loans in Bankruptcy Act of 2019 -HR 1899 - Student Loan Refinancing and Recalculation Act -S.888 - The True Cost of College Act of 2019 -S.681 & HR 1565 - Student Right to Know Before you Go Act -S. 768 & HR 1707 - Bank on Students Emergency Loan Refinancing Act -S. 800 & HR 1766 - College Transparency Act -S.867 - Protect Students Act of 2019 -HR 1810 - Kids to College Act of 2019 -S. 627 - SAFE Act of 2019 -S. 2557 Student Aid Improvement Act of 2019
Client expense: $600,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE
2019 · fourth_quarter · Education
Federal Student Loans, Federal Work Study, Pell Grant, TRIO, Supplemental Educational Opportunity Grant (SEOG); HEA Reauthorization; Public Service Loan Forgiveness Program S.234-Transparency in Student Lending Act S.460-Employer Participation in Repayment Act S.800-College Transparency Act S.887-Know Before You Owe Federal Student Loan Act S.888-Understanding the True Cost of College Act S.889-Net Price Calculator Improvement Act Campus Accountability and Safety Act
Client expense: $30,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), HOUSE OF REPRESENTATIVES, SENATE
2019 · fourth_quarter · Education
S. 887, Know Before You Owe Federal Student Loan Act of 2019; S. 768 / H.R. 1707, Bank on Students Emergency Loan Refinancing Act; H.R. 1161, Student Loan Disclosure Modernization Act; S. 234 / H.R. 811, Transparency in Student Lending Act; S.1696, "Student Loan Tax Elimination Act."
Client expense: $140,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2019 · third_quarter · Education
S. 887, Know Before You Owe Federal Student Loan Act of 2019; S. 768 / H.R. 1707, Bank on Students Emergency Loan Refinancing Act; H.R. 1161, Student Loan Disclosure Modernization Act; S. 234 / H.R. 811, Transparency in Student Lending Act.
Client expense: $210,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2019 · third_quarter · Education
Federal Student Loans, Federal Work Study, Pell Grant, TRIO, Supplemental Educational Opportunity Grant (SEOG); HEA Reauthorization; Public Service Loan Forgiveness Program S.234-Transparency in Student Lending Act S.460-Employer Participation in Repayment Act S.800-College Transparency Act S.887-Know Before You Owe Federal Student Loan Act S.888-Understanding the True Cost of College Act S.889-Net Price Calculator Improvement Act Campus Accountability and Safety Act
Client expense: $30,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), HOUSE OF REPRESENTATIVES, SENATE
2019 · third_quarter · Education
Issues related to private student lending, including: -HR 655 - Student Loan Repayment Assistance Act of 2019 -S. 887 - Know Before You Owe Federal Student Loan Act of 2019 -HR 1070 - Student Loan Interest Tax Deduction Expansion Act -HR 1798 - Students and Families Empowerment Act -S. 234 & HR 811 -Transparency in Student Lending Act -S. 720 - CFPB Student Loan Integrity and Transparency Act -HR 63 - Student Loan Disclosure Modernization Act -HR 781 - Student Loan Relief for Feds Act -S. 968 - Protect Student Borrowers Act of 2019 -S. 460 - Employer Participation in Repayment Act of 2019 -HR 770 - Student Loans in Bankruptcy Act of 2019 -HR 1899 - Student Loan Refinancing and Recalculation Act -S.888 - The True Cost of College Act of 2019 -S.681 & HR 1565 - Student Right to Know Before you Go Act -S. 768 & HR 1707 - Bank on Students Emergency Loan Refinancing Act -S. 800 & HR 1766 - College Transparency Act -S.867 - Protect Students Act of 2019 -HR 1810 - Kids to College Act of 2019 -S. 627 - SAFE Act of 2019 -S. 2557 Student Aid Improvement Act of 2019
Client expense: $420,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE
2019 · second_quarter · Education
S. 887, Know Before You Owe Federal Student Loan Act of 2019; S. 768 / H.R. 1707, Bank on Students Emergency Loan Refinancing Act; H.R. 1161, Student Loan Disclosure Modernization Act; S. 234 / H.R. 811, Transparency in Student Lending Act.
Client expense: $180,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2019 · second_quarter · Education
Issues related to private student lending, including: -HR 655 - Student Loan Repayment Assistance Act of 2019 -S. 887 - Know Before You Owe Federal Student Loan Act of 2019 -HR 1070 - Student Loan Interest Tax Deduction Expansion Act -HR 1798 - Students and Families Empowerment Act -S. 234 & HR 811 -Transparency in Student Lending Act -S. 720 - CFPB Student Loan Integrity and Transparency Act -HR 63 - Student Loan Disclosure Modernization Act -HR 781 - Student Loan Relief for Feds Act -S. 968 - Protect Student Borrowers Act of 2019 -S. 460 - Employer Participation in Repayment Act of 2019 -HR 770 - Student Loans in Bankruptcy Act of 2019 -HR 1899 - Student Loan Refinancing and Recalculation Act -S.888 - The True Cost of College Act of 2019 -S.681 & HR 1565 - Student Right to Know Before you Go Act -S. 768 & HR 1707 - Bank on Students Emergency Loan Refinancing Act -S. 800 & HR 1766 - College Transparency Act -S.867 - Protect Students Act of 2019 -HR 1810 - Kids to College Act of 2019 -S. 627 - SAFE Act of 2019
Client expense: $280,000 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE
2019 · first_quarter · Education
S. 887, Know Before You Owe Federal Student Loan Act of 2019; S. 768 / H.R. 1707, Bank on Students Emergency Loan Refinancing Act; H.R. 1161, Student Loan Disclosure Modernization Act; S. 234 / H.R. 811, Transparency in Student Lending Act
Client expense: $540,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2019 · first_quarter · Education
Issues related to private student lending, including: -HR 655 - Student Loan Repayment Assistance Act of 2019 -S. 887 - Know Before You Owe Federal Student Loan Act of 2019 -HR 1070 - Student Loan Interest Tax Deduction Expansion Act -HR 1798 - Students and Families Empowerment Act -S. 234 & HR 811 -Transparency in Student Lending Act -S. 720 - CFPB Student Loan Integrity and Transparency Act -HR 63 - Student Loan Disclosure Modernization Act -HR 781 - Student Loan Relief for Feds Act -S. 968 - Protect Student Borrowers Act of 2019 -S. 460 - Employer Participation in Repayment Act of 2019 -HR 770 - Student Loans in Bankruptcy Act of 2019 -HR 1899 - Student Loan Refinancing and Recalculation Act -S.888 - The True Cost of College Act of 2019 -S.681 & HR 1565 - Student Right to Know Before you Go Act -S. 768 & HR 1707 - Bank on Students Emergency Loan Refinancing Act -S. 800 & HR 1766 - College Transparency Act -S.867 - Protect Students Act of 2019 -HR 1810 - Kids to College Act of 2019 -S. 627 - SAFE Act of 2019
Client expense: $960,000 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), HOUSE OF REPRESENTATIVES, SENATE
| Democratic |
| MN |
Government targets: Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), SENATE, Treasury, Dept of