STUDENT Act

119 S2764 IS: Student Transparency for Understanding Decisions in Education Net Terms Act U.S. Senate 2025-09-10 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. II 119th CONGRESS 1st Session S. 2764 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. 1. Short title This Act may be cited as the Student Transparency for Understanding Decisions in Education Net Terms Act or the STUDENT Act . 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. .