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United States · Bill · HR

H.R. 2535 (112th)

College LIFE Act

referredUnited States· United States Congress· EN

Introduced

14 July 2011

Last action

8 September 2011 · Referred

Status

Referred to the Subcommittee on Higher Education and Workforce Training.

Sponsors

Rep. Jackson Lee, Sheila [D-TX-18], Rep. Young, C. W. Bill [R-FL-13], Rep. Conyers, John, Jr. [D-MI-13], Rep. Kaptur, Marcy [D-OH-9], Rep. Andrews, Robert E. [D-NJ-1], Rep. Hastings, Alcee L. [D-FL-20], Rep. Hanabusa, Colleen [D-HI-1], Rep. Michaud, Michael H. [D-ME-2], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Johnson, Eddie Bernice [D-TX-30], Rep. Quigley, Mike [D-IL-5], Rep. Higgins, Brian [D-NY-26], Rep. Cicilline, David N. [D-RI-1], Rep. Kildee, Dale E. [D-MI-5], Rep. Gutierrez, Luis V. [D-IL-4], Rep. Meeks, Gregory W. [D-NY-5], Rep. Rangel, Charles B. [D-NY-15], Rep. Hinojosa, Ruben [D-TX-15], Rep. Bass, Karen [D-CA-37], Rep. Sires, Albio [D-NJ-13], Rep. Tonko, Paul [D-NY-20]

Subjects

Housing, Taxation, Education

Source updated

23 March 2026

Housing · Taxation · Education

Official sourceDownload fileView documentsShare

Summary

College Literacy in Finance and Economics Act of 2011 or College LIFE Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require institutions of higher education (IHEs) to provide student borrowers under the Federal Family Education Loan, Direct Loan, and Perkins Loan programs with financial literacy counseling within 45 days of their first receipt of such a loan and prior to the completion of their studies or when they leave school. Requires student borrowers to receive at least four hours of counseling on each occasion. Makes such counseling requirements inapplicable to borrowers of consolidation loans. Requires financial literacy counseling to include information on student financial aid, banking, budgeting and saving, credit and debt management, credit cards and products, investing, credit scores, housing, taxes, and responsible financial decision making. Directs the Secretary of Education to develop a curriculum that IHEs may use to fulfill this Act's requirements.

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

Timeline

  1. 14 July 2011

    Introduced

    Referred to the House Committee on Education and the Workforce.

    Source: IntroReferral

  2. 14 July 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 14 July 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 8 September 2011

    Referred

    Referred to the Subcommittee on Higher Education and Workforce Training.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 14 July 2011

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 14 July 2011

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 14 July 2011

    Open at official source

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Sponsors

Related records

Sources

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