U.S. Congress - H.R.1325 To require financial literacy counseling for borrowers, and for other purposes.
H.R.1325 - To require financial literacy counseling for borrowers, and for other purposes.
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- Official: To require financial literacy counseling for borrowers, and for other purposes. as introduced.
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Official Summary
3/5/2009--Introduced.Amends the Higher Education Act of 1965 to require institutions of higher education (IHEs) to provide at least four hours of financial literacy counseling to each student borrower: (1) under the Federal Family Education Loan (FFEL) program, at or prior to their receiptOfficial Summary
3/5/2009--Introduced.Amends the Higher Education Act of 1965 to require institutions of higher education (IHEs) to provide at least four hours of financial literacy counseling to each student borrower:(1) under the Federal Family Education Loan (FFEL) program, at or prior to their receipt of such loan; and
(2) under the FFEL, Direct Loan, or Perkins Loans programs, during their enrollment at the IHE or when their studies end. Requires such counseling to include information on:
(1) banking;
(2) budgeting;
(3) credit cards and ratings;
(4) loans, grants, education tax credits, and scholarships;
(5) renting and housing; and
(6) investing. Directs the Secretary of Health and Human Services to encourage IHEs to perform these duties using interactive programs that test each borrower's understanding of the financial literacy information they receive.
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Recent Blog Coverage
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H.R.1325: American Manufacturing Efficiency and Retraining ...
A bill in the U.S. Congress: To require that certain Federal job training and career education programs give a priority to programs that provide an industry recognized and nationally portable credential. - ... OpenCongress is a free and open-source project
A Little FairTax History and Lore - FairTax Nation
There was a related bill, H.R.1325, which had the same sponsor and same title, all of its 10 co-sponsors (including John Linder) in common, similar subject matter, and was introduced, appropriately, on APRIL 15, 1997. ...
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