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H.R.1325 / 111th Congress

To require financial literacy counseling for borrowers, and for other purposes.

Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

Official summary

Version 00 · Introduced in House · Mar 5, 2009

Amends the Higher Education Act of 1965 to require institutions of higher education (IHEs) to provide at least four hours of financial literacy counseling to each student borrower: (1) under the Federal Family Education Loan (FFEL) program, at or prior to their receipt of such loan; and (2) under the FFEL, Direct Loan, or Perkins Loans programs, during their enrollment at the IHE or when their studies end.

Requires such counseling to include information on: (1) banking; (2) budgeting; (3) credit cards and ratings; (4) loans, grants, education tax credits, and scholarships; (5) renting and housing; and (6) investing.

Directs the Secretary of Health and Human Services to encourage IHEs to perform these duties using interactive programs that test each borrower's understanding of the financial literacy information they receive.

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Who introduced it

Rep. Jackson-Lee, Sheila [D-TX-18] · D–TX

Committees

  • Education and Workforce Committee
15 cosponsorship records, including any withdrawals

Actions

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  1. Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.

  2. Referred to the House Committee on Education and Labor.

  3. Introduced in House

  4. Introduced in House

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Mar 23, 2026. Consult Congress.gov for the current record.

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Objective

Analyze H.R.1325 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

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Institutions and government scope

Conservative lens

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Individual rights and government power

Liberty lens

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