LEADS Act of 2016

Summary

Letter of Estimated Annual Debt for Students Act of 2016 or the LEADS Act of 2016 This bill amends the Higher Education Act of 1965 by requiring institutions of higher education to provide to each student with education loans for attending the institution an estimate of student loan borrowing costs, including: (1) the cumulative balance of education loans owed by the student, (2) the amount of new education loans expected to be disbursed during the year, (3) the projected cumulative balance of education loans that will be owed by the student after the student graduates, and (4) projected monthly payments to repay the loans. The estimates must be given to students before each academic year succeeding the one for which a loan was first received.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 13 July 2016

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• Introduced in House (PDF)

  Introduced in House · EN · 13 July 2016

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• Introduced in House

  summary · EN · 13 July 2016

  Open at official source

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