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CIVIC HERALD
S 4097 · 119th Congress · SenateOther

State-Based Education Loan Awareness Act

In plain language: State-Based Education Loan Awareness Act This bill excludes certain arrangements or agreements regarding education loans from the definition of a preferred lender arrangement. A preferred lender arrangement is an arrangement or agreement between a lender and an institution of higher education (IHE) that receives federal funding or assistance (1) under which a lender issues education loans to students attending the IHE; and (2) that relates to the IHE recommending, promoting, or endorsing the education loan products of the lender. The bill provides that arrangements or agreements made under a state-based education loan program do not meet the definition of a preferred lender agreement for purposes of certain required disclosures to student borrowers.

Provisional: our plain-language summary, pending review.

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Timeline

How it moved.

  1. Aug 4, 2026Placed on Senate Legislative Calendar under General Orders. Calendar No. 539.
  2. Aug 4, 2026Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
  3. Aug 4, 2026Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
  4. Jul 30, 2026Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.
  5. Mar 16, 2026Introduced in Senate

Sources & provenance

Congress.govrefreshed 23 days ago

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