State-Based Education Loan Awareness Act

Summary

State-Based Education Loan Awareness Act This bill excludes certain arrangements or agreements regarding education loans from the definition of a preferred lender arrangement . A preferred lender arrangement is an arrangement or agreement between a lender and an institution of higher education (IHE) that receives federal funding or assistance (1) under which a lender issues education loans to students attending the IHE; and (2) that relates to the IHE recommending, promoting, or endorsing the education loan products of the lender. The bill provides that arrangements or agreements made under a state-based education loan program do not meet the definition of a preferred lender agreement for purposes of certain required disclosures to student borrowers.

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Documents

3 official files

• Reported to Senate

  Reported to Senate · EN · 4 August 2026

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• Introduced in Senate

  Introduced in Senate · EN · 16 March 2026

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• Introduced in Senate

  summary · EN · 16 March 2026

  Open at official source

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