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S 1559119th CongressIntroduced
Know Before You Owe Federal Student Loan Act of 2025
Introduced: Oct 28, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
Amends Higher Education Act to strengthen student loan counseling and disclosure requirements.
Key Points
- 1Changes 'entrance counseling' to 'pre-loan counseling' with more detailed requirements
- 2Requires manual confirmation of desired loan amount before disbursement
- 3Adds detailed debt-to-income ratio estimates and repayment projections
- 4Mandates quarterly disclosures during non-repayment periods
- 5Provides information on interest capitalization and voluntary payment options
- 6Includes guidance on scholarships, work-study and graduation timing
Impact Areas
Student loan borrowers and financial aid officesHigher education institutions and loan servicersStudent financial literacy and debt management
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