CONGRESS FOR VOTERS

DemocratBill · H.R. 4555· House(119-HR-4555)

Student Loan Contract Act of 2025

Rep. Underwood
Age: 40 years
Illinois
Introduced
7/21/2025
Last activity
7/21/2025 — Referred to the House Committee on Education and Workforce.
Sponsored by
Lauren Underwood
Cosponsors
Democrat - 6Republican - 0
Education
  1. Introduced
  2. In Committee

What this bill would do

This bill, titled the ``Student Loan Contract Act of 2025'', proposes an amendment to the Higher Education Act of 1965. The primary purpose is to rename master promissory notes for loans made under part D of title IV to "student loan contracts." This change applies to any master promissory note form used for loans with enrollment dates on or after the date this Act is enacted. The bill also includes a clarification regarding the use of these contracts within the same award year.

Yes

  • Would people in their twenties and thirties be better off under this?+1

    The bill updates the nomenclature of the documents used for student loans that young adults frequently utilize.

  • Would students be better off under this?+1

    The bill provides a clarification regarding the use of student loan contracts within the same award year.

  • Does this reduce what student borrowers owe or repay?+1

    The bill renames the legal terminology for student loan documentation from promissory notes to student loan contracts.

The opposite

No question was scored the opposite.