Know Your Repayment Options Act This bill requires the Department of Education to annually give federal student loan borrowers who have graduated or departed from school individualized loan repayment information, including monthly amounts and lifetime payment amounts, for each repayment option available to the borrowers. Borrowers may opt out of being provided this information.
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Timeline
Introduced in House
Referred to the House Committee on Education and Labor.
Introduced in House
Referred to the House Committee on Education and Labor.
Education
Educational guidanceHigher educationInterest, dividends, interest ratesStudent aid and college costs
Know Your Repayment Options Act
USA116th CongressHR-3095| House
| Updated: 6/4/2019
Know Your Repayment Options Act This bill requires the Department of Education to annually give federal student loan borrowers who have graduated or departed from school individualized loan repayment information, including monthly amounts and lifetime payment amounts, for each repayment option available to the borrowers. Borrowers may opt out of being provided this information.