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To amend the Higher Education Act of 1965 to require institutions of higher education to provide students with annual estimates of student loan borrowing costs.

USA115th CongressHR-1429| House 
| Updated: 3/8/2017
Luke Messer

Luke Messer

Republican Representative

Indiana

Cosponsors (9)
Elise M. Stefanik (Republican)Todd Rokita (Republican)Martha McSally (Republican)André Carson (Democratic)Rodney Davis (Republican)Peter J. Visclosky (Democratic)Larry Bucshon (Republican)Brian K. Fitzpatrick (Republican)Susan W. Brooks (Republican)

Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Letter of Estimated Annual Debt for Students Act of 2017 or the LEADS Act of 2017 This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to require an institution of higher education that participates in federal student aid programs to provide an annual estimate of borrowing costs to each enrolled student who receives an education loan. The cost estimate must include the student's cumulative education loan balance, projected monthly payment amount, and interest rate on each loan.
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Timeline
Mar 8, 2017
Introduced in House
Mar 8, 2017
Referred to the House Committee on Education and the Workforce.
  • March 8, 2017
    Introduced in House
  • March 8, 2017
    Referred to the House Committee on Education and the Workforce.

Education

Related Bills

  • S 115-2224: A bill to establish best practices for teaching financial literacy, and to establish an annual estimate of student borrowing costs.
Government information and archivesHigher educationInterest, dividends, interest ratesStudent aid and college costsStudent records

To amend the Higher Education Act of 1965 to require institutions of higher education to provide students with annual estimates of student loan borrowing costs.

USA115th CongressHR-1429| House 
| Updated: 3/8/2017
Letter of Estimated Annual Debt for Students Act of 2017 or the LEADS Act of 2017 This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to require an institution of higher education that participates in federal student aid programs to provide an annual estimate of borrowing costs to each enrolled student who receives an education loan. The cost estimate must include the student's cumulative education loan balance, projected monthly payment amount, and interest rate on each loan.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 8, 2017
Introduced in House
Mar 8, 2017
Referred to the House Committee on Education and the Workforce.
  • March 8, 2017
    Introduced in House
  • March 8, 2017
    Referred to the House Committee on Education and the Workforce.
Luke Messer

Luke Messer

Republican Representative

Indiana

Cosponsors (9)
Elise M. Stefanik (Republican)Todd Rokita (Republican)Martha McSally (Republican)André Carson (Democratic)Rodney Davis (Republican)Peter J. Visclosky (Democratic)Larry Bucshon (Republican)Brian K. Fitzpatrick (Republican)Susan W. Brooks (Republican)

Education and Workforce Committee

Education

Related Bills

  • S 115-2224: A bill to establish best practices for teaching financial literacy, and to establish an annual estimate of student borrowing costs.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Government information and archivesHigher educationInterest, dividends, interest ratesStudent aid and college costsStudent records