Know Before You Owe Federal Student Loan Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- May 8, 2025
What it does
The Know Before You Owe Federal Student Loan Act of 2025 would revise federal student loan counseling requirements by replacing "entrance counseling" with "pre-loan counseling" and requiring institutions to provide detailed financial disclosures, including estimated monthly payments relative to income and expenses, warnings about debt-to-income ratios, and guidance on borrowing only what is necessary. It would also mandate that students manually enter the exact loan amount they wish to borrow before certification and require lenders to provide quarterly statements during non-repayment periods (such as while in school or deferment) that explain interest accrual, capitalization risks, and…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
Loading coverage…
Where it goes next
While a bill can still move, the questions are about people and money.