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Code · BILL · 113th Congress · S. 2107 (Introduced in Senate) — To increase students’ and borrowers’ access to student loan information within the National Student Loan Data System,... · Sec. 3

Sec. 3. Amendment to the Higher Education Act of 1965

234 words·~1 min read·/bill/113/s/2107/is/section-3

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Section 485B of the Higher Education Act of 1965 ( 20 U.S.C. 1092b ) is amended by adding at the end the following: The National Student Loan Data System established pursuant to subsection
(a)shall contain the information required to be included under section 128(e)(12) of the Truth in Lending Act ( 15 U.S.C. 1638(e)(12) ). Notwithstanding any other provision of law, the Secretary shall ensure that any cosigner of a private education loan for which information is included in the National Student Loan Data System— is able to access the information in such System with respect to such private education loan; and does not have access to any information in such System with respect to any loan for which the cosigner has not cosigned. The Secretary shall ensure that a private educational lender— has access to the National Student Loan Data System only to submit information for such System regarding the private education loans of such lender; and may not see information in the System regarding the loans of any other lender. The Secretary shall establish a functionality within the National Student Loan Data System established pursuant to subsection
(a)that enables a student borrower of a loan made, insured, or guaranteed under this title to input information necessary for the estimation of repayment amounts under the various repayment plans available to the borrower of such loan to compare such repayment plans. .
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Sec. 3
Amendment to the Higher Education Act of 1965
U.S.C.§ 1092b
U.S.C.§ 1638
Cites 2Cited by 0 across 0 sources
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