State-Based Education Loan Awareness Act was reported by committee and awaits a floor vote
Written by the Congressional Research Service [2]. 113 words.
State-Based Education Loan Awareness Act This bill excludes certain arrangements or agreements regarding education loans from the definition of a preferred lender arrangement . A preferred lender arrangement is an arrangement or agreement between a lender and an institution of higher education (IHE) that receives federal funding or assistance (1) under which a lender issues education loans to students attending the IHE; and (2) that relates to the IHE recommending, promoting, or endorsing the education loan products of the lender. The bill provides that arrangements or agreements made under a state-based education loan program do not meet the definition of a preferred lender agreement for purposes of certain required disclosures to student borrowers.
- Committees
- Senate Health, Education, Labor, and Pensions Committee
- Policy area
- Education: 22 of 3,602 bills became law, 113th–118th (0.6%)
- Sponsor
- 9 of 355 bills enacted since 2013
- Text versions
- 2, from introduced in senate to reported to senate · 1,109 words
- Subjects
- Government lending and loan guaranteesHigher educationInterest, dividends, interest ratesState and local government operationsStudent aid and college costs
- Latest action
- Aug 4, 2026: Placed on Senate Legislative Calendar under General Orders. Calendar No. 539.
- Records
- Congress.gov · Bill text
The bill status record lists no related bills.