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Simplifying Access to Student Loan Information Act of 2022

USA117th CongressS-5256| Senate 
| Updated: 12/14/2022
Jeanne Shaheen

Jeanne Shaheen

Democratic Senator

New Hampshire

Health, Education, Labor, and Pensions Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Simplifying Access to Student Loan Information Act of 2022 This bill expands the National Student Loan Data System (NSLDS) to include information about private education loans. Specifically, the bill requires private educational lenders to submit to the NSLDS information regarding private education loans made to borrowers, including the outstanding balances and interest rates of such loans. Currently, only federal student loan information is available in the NSLDS. The bill requires the Department of Education to ensure that a cosigner of a private education loan for which information is included in the NSLDS has access only to that information in a separate account, ensure that a private educational lender has access to the NSLDS only to submit information regarding the lender's loans, and establish a functionality within the NSLDS that enables a student borrower of federal student loans to input the information necessary to compare repayment plans.
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Timeline

Bill from Previous Congress

S 116-3243
Simplifying Access to Student Loan Information Act of 2020
Dec 14, 2022
Introduced in Senate
Dec 14, 2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  • Bill from Previous Congress

    S 116-3243
    Simplifying Access to Student Loan Information Act of 2020


  • December 14, 2022
    Introduced in Senate


  • December 14, 2022
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Education

Simplifying Access to Student Loan Information Act of 2022

USA117th CongressS-5256| Senate 
| Updated: 12/14/2022
Simplifying Access to Student Loan Information Act of 2022 This bill expands the National Student Loan Data System (NSLDS) to include information about private education loans. Specifically, the bill requires private educational lenders to submit to the NSLDS information regarding private education loans made to borrowers, including the outstanding balances and interest rates of such loans. Currently, only federal student loan information is available in the NSLDS. The bill requires the Department of Education to ensure that a cosigner of a private education loan for which information is included in the NSLDS has access only to that information in a separate account, ensure that a private educational lender has access to the NSLDS only to submit information regarding the lender's loans, and establish a functionality within the NSLDS that enables a student borrower of federal student loans to input the information necessary to compare repayment plans.
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

S 116-3243
Simplifying Access to Student Loan Information Act of 2020
Dec 14, 2022
Introduced in Senate
Dec 14, 2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  • Bill from Previous Congress

    S 116-3243
    Simplifying Access to Student Loan Information Act of 2020


  • December 14, 2022
    Introduced in Senate


  • December 14, 2022
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Jeanne Shaheen

Jeanne Shaheen

Democratic Senator

New Hampshire

Health, Education, Labor, and Pensions Committee

Education

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted