United States · Bill · S
S. 2224 (115th)
Empowering Student Borrowers Act
Introduced
13 December 2017
Last action
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Status
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Sponsors
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Subjects
Discovery layer
Source updated
11 August 2025
Summary
Empowering Student Borrowers Act This bill amends the Higher Education Act of 1965 to direct the Department of Education to establish best practices for institutions of higher education (IHEs) regarding methods to: (1) teach financial literacy skills, and (2) provide information to assist students when making financial decisions related to student borrowing. In addition, the bill requires an IHE that participates in federal student aid programs to provide an annual estimate of borrowing costs to each enrolled student who receives an education loan. The cost estimate must include the student's cumulative education loan balance, projected monthly payment amount, and interest rate on each loan.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 13 December 2017
Introduced in Senate (PDF)
Introduced in Senate · EN · 13 December 2017
Introduced in Senate
summary · EN · 13 December 2017
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/115th-congress/senate-bill/2224
- Open data entity: https://api.congress.gov/v3/bill/115/s/2224