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
- Senate
- Sponsors
- 3
- Latest action
- May 1, 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 that must occur before each new loan disbursement and include detailed estimates of monthly payments relative to post-expense income, warnings about debt-to-income ratios, and guidance on borrowing only what is necessary. It would require students to manually confirm the exact loan amount they wish to borrow after completing counseling and before loan certification. Additionally, the bill mandates that lenders provide quarterly statements to borrowers during periods when payments are not required (such as while in school…
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.
Where it goes next
While a bill can still move, the questions are about people and money.