1. Short title This Act may be cited as the Flight Education Access Act . 2. Increase in Federal student loan limits for students in flight education and training programs Section 455 of the Higher Education Act of 1965 ( 20 U.S.C. 1087e ) is amended— (1) in subsection (p)— (A) by striking Each institution and inserting the following: (1) In general Each institution ; (B) in paragraph (1) (as designated by subparagraph (A)), by inserting before the period at the end the following: and, shall, with respect to Federal Direct Stafford Loans and Federal Direct Unsubsidized Stafford Loans made after the date of enactment of the Flight Education Access Act to an eligible student (as defined in subsection (r)), comply with the requirements of paragraph (2) ; and (C) by adding at the end the following: (2) Additional disclosures At or prior to the disbursement of a Federal Direct Stafford Loan or Federal Direct Unsubsidized Stafford Loan after the date of enactment of the Flight Education Access Act to an eligible student (as defined in subsection (r)), the following shall be disclosed: (A) The principal amount of the loan, the stated interest rate on the loan, the number of required monthly payments to be made on the loan (which shall be based on a standard repayment plan), and the estimated number of months before the start of the repayment period for the loan (based on the expected date on which the repayment period is to begin or the deferment period is to end, as applicable). (B) The estimated balance to be owed by the borrower on such loan (including, if applicable, the estimated amount of interest to be capitalized) as of the scheduled date on which the repayment period is to begin or the deferment period is to end, as applicable, and an estimate of the projected monthly payment. (C) An estimate of the aggregate amount the borrower will pay for the loan, including the total amount of monthly payments made over the life of the loan plus the amount of any charges for the loan, such as an origination fee.