Financial Literacy to Financial Freedom Act

Summary

Financial Literacy to Financial Freedom Act This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to modify loan counseling requirements for an institution of higher education (IHE) that participates in federal student aid programs. Currently, an IHE must provide one-time entrance counseling to a student who is a first-time Direct Loan (DL) program borrower. This bill allows an IHE to require any student DL program borrower to complete additional counseling on the terms, conditions, and responsibilities of a loan at or prior to its disbursement. Additionally, it requires an IHE to ensure that student and parent DL program borrowers annually accept a loan affirmatively prior to the first disbursement of such loan.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 16 February 2017

   Introduced

   Referred to the House Committee on Education and the Workforce.

   Source: IntroReferral

2. 16 February 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 February 2017

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 16 February 2017 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 February 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 16 February 2017

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 16 February 2017

  Open at official source

Sponsors

• David Trott · R · Sponsor
• · hsed00 · Standing

Related records

• related to ← Empowering Students Through Enhanced Financial Counseling Act
• related to ← AID Act