Student Loan Transparency for Success Act

Summary

Student Loan Transparency for Success Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require institutions of higher education and loan originators, servicers, and collectors participating in the William D. Ford Federal Direct Loan program to include in the information they are required to provide Direct Loan borrowers prior to disbursement: the total aggregate amount of Direct Loans borrowed by the borrower; the estimated number of payments and total amount to be paid to repay such a loan based on a standard repayment plan; and the estimated average income and percentage of employment in the borrower's state for persons with a high school diploma or its equivalent, persons with some post-secondary education without completion of a degree or certificate, persons with a bachelor's degree, and persons with a post-baccalaureate degree.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 July 2014

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• Introduced in House (PDF)

  Introduced in House · EN · 17 July 2014

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• Introduced in House

  summary · EN · 17 July 2014

  Open at official source

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