Federal · 119th Congress
State-Based Education Loan Awareness Act
Policy areaEducation
Summary
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.
Sponsor
Cosponsors6
Other titles2
A bill to establish that a State-based education loan program is excluded from certain requirements relating to a preferred lender arrangement.Official Title as Introduced
State-Based Education Loan Awareness ActShort Title(s) as IntroducedShort Title(s) as Reported to Senate
Legislative history5
Aug 4, 2026
SenatePlaced on Senate Legislative Calendar under General Orders. Calendar No. 539.
Aug 4, 2026
Senate · CommitteeCommittee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
Jul 30, 2026
Senate · CommitteeCommittee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.
Mar 19, 2026
Senate · CommitteeCommittee on Health, Education, Labor, and Pensions. Hearings held.
Mar 16, 2026
SenateRead twice and referred to the Committee on Health, Education, Labor, and Pensions.
Documents3
Texts