PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the House Committee on Education and Labor.
Congressional Research Service
Version 00 · Introduced in House · Aug 16, 2019
Student Loan Disclosure Transparency Act of 2019
This bill requires a lender disbursing a loan that is insured or guaranteed by the federal government to make certain disclosures.
Specifically, prior to disbursement, the lender making such loan must disclose the (1) principal amount, interest rate, and number of required monthly payments to be made on the loan; (2) estimated balance owed by the borrower; and (3) estimated aggregate amount the borrower will pay.
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Prior to repayment, the lender must disclose the projected total of interest charges that the borrower will pay on the loan, as well as projections of the borrower's monthly repayment amount.
Lastly, the lender must disclose certain specified information monthly, including the (1) original principal amount of each of the borrower's loans, separately and in the aggregate; (2) current balance on each loan and on all loans in the aggregate; (3) interest rate on each loan and the total amount the borrower has paid in interest; and (4) a description of each fee the borrower has been charged for the preceding installment period.
The Department of Education must obtain feedback from individuals and report on the usefulness and effectiveness of such disclosures.
People & committees
Rep. Shalala, Donna E. [D-FL-27] · D–FL
Legislative record
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Referred to the House Committee on Education and Labor.
Introduced in House
Introduced in House
Primary sources
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No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jul 21, 2025. Consult Congress.gov for the current record.
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