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Guthries Student Loan Literacy Bill Passes House

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My bill ensures students have the knowledge to understand how much money they are borrowing, which financial options they should draw from first, and the implications of their future debt load and repayment scenarios. We have seen that students who are equipped with this knowledge leave school with significantly lower debt burdens.

Guthrie Leads Key Tenet of Higher Education Act Reauthorization Efforts

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Tags: Education

H.R. 4984 will reform the current guidelines to require annual counseling for student borrowers. Through this, students will better understand the amount of money they need to borrow, which financial options to draw from first, the implication of their future debt load, repayment scenarios, and other valuable information.