September 10, 2025
Ms. Ernst (for herself, Ms. Klobuchar, Mr. Kaine, Mrs. Moody, Mr. Grassley, and Ms. Hassan) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions
To require disclosure of the total amount of interest that would be paid over the life of a loan for certain Federal student loans.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
Section 1. Short title
This Act may be cited as the Student Transparency for Understanding Decisions in Education Net Terms Act
or the STUDENT Act
.
Sec. 2. Interest disclosure
Section 455(p) of the Higher Education Act of 1965 (20 U.S.C. 1087e(p)) is amended—
(1)
by striking shall, with respect to loans
and inserting the following: “shall—
(1)
with respect to loans;
(2)
by striking part B.
and inserting part B; and
; and
(3)
by adding at the end the following:
(2)
include in the disclosure required under section 433(a) the total amount of interest that would be paid over the life of the loan, using the standard repayment plan applicable based on the total outstanding principal of all loans of the borrower.