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State-Based Education Loan Awareness Act

On calendar: it can still change before the session ends.

US S 4097 · Senate Bill · 119th Congress

Draft a letter
Stage
On calendar
Started in
Senate
Sponsors
7
Latest action
Aug 4, 2026

What it does

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…

Official summary · Introduced in Senate · Mar 16, 2026

Titles and provisions can change as the bill moves.

Read the full textRead it on the official site

Where it stands

  1. Introduced (Done)

    Mar 16, 2026

  2. Committee (Current step)

    On calendar · Aug 4, 2026

  3. Floor (Not started)

  4. Law (Not started)

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

State-Based Education Loan Awareness Act | 52