Introduced in House — H.R. 4555

119th CONGRESS

1st Session

H. R. 4555

IN THE HOUSE OF REPRESENTATIVES

July 21, 2025

Ms. Underwood (for herself, Ms. Adams, Mr. Davis of North Carolina, Mr. Jackson of Illinois, Mr. Davis of Illinois, and Mr. Thanedar) introduced the following bill; which was referred to the Committee on Education and Workforce

A BILL

To amend the Higher Education Act of 1965 to rename master promissory notes for loans made under part D of title IV of such Act to student loan contracts.

Section 1. Short title

This Act may be cited as the Student Loan Contract Act of 2025.

Sec. 2. Student loan contract and loan disclosures

(a) Student loan contract

Section 432(m)(1)(D) of the Higher Education Act of 1965 (20 U.S.C. 1082(m)(1)(D)) is amended by adding at the end the following:

(iv) Student loan contract
(I) In general
Any master promissory note form described in this subparagraph that is developed or used for loans made under part D for periods of enrollment beginning on or after the date of enactment of the Student Loan Contract Act of 2025 shall be referred to as a student loan contract.
(II) Clarification on use
A student loan contract for loans made under part D for a student shall only be used with respect to loans made under part D for the periods of enrollment that are in the same award year for which the initial loans for which the contract is used were made.

(b) Conforming amendments

Section 485(l)(2)(B) of the Higher Education Act of 1965 (20 U.S.C. 1092(l)(2)(B)) is amended by inserting before the period at the end the following: or the student loan contract.