I 118th CONGRESS 1st Session H. R. 1125 IN THE HOUSE OF REPRESENTATIVES February 21, 2023 Mr. Feenstra (for himself, Mrs. Miller-Meeks , and Mr. Nunn of Iowa ) introduced the following bill; which was referred to the Committee on Education and the Workforce A BILL To require disclosure of the total amount of interest that would be paid over the life of a loan for certain Federal student loans.

1. Short title This Act may be cited as the Student Transparency for Understanding Decisions in Education Net Terms Act or the STUDENT Act . 2. Interest disclosure Section 433(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1083(a) ) is amended— (1) by redesignating paragraphs (18) and (19) as paragraphs (19) and (20), respectively; and (2) by inserting after paragraph (17) the following: (18) the total amount of interest that would be paid over the life of the loan based on a standard 10-year repayment plan; .