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Bill

HR 6134

To require disclosure of the total amount of interest that would be paid over the life of a loan for certain Federal student loans.

119th Congress Introduced by Randy Feenstra and 2 co-sponsors

HR 6134 requires lenders to disclose the total interest on Federal student loans, helping borrowers understand their long-term financial commitments and make informed decisions.

Introduced in House
2
WeVote Research Nonpartisan
Bill Summary · HR 6134

Summary of HR 6134: Disclosure of Interest on Federal Student Loans

Bill Number: HR 6134
Title: To require disclosure of the total amount of interest that would be paid over the life of a loan for certain Federal student loans.
Status: Introduced in House
Introduced Date: November 19, 2025
Classification: Bill

Purpose and Intent

The primary purpose of HR 6134 is to enhance transparency in the Federal student loan process by requiring lenders to disclose the total amount of interest that borrowers will pay over the life of their loans. This initiative aims to provide borrowers with clearer information regarding the long-term financial implications of their loans, enabling them to make more informed decisions.

Key Provisions

  • Interest Disclosure Requirement: The bill mandates that all Federal student loan agreements include a clear statement of the total interest amount that will accrue over the life of the loan. This information must be presented in a straightforward manner to ensure that borrowers can easily understand the financial commitment they are undertaking.

  • Applicability: The disclosure requirement applies specifically to certain Federal student loans, although the bill does not specify which types of loans are included. It is expected that this will cover a range of loans offered under federal programs.

  • Implementation Timeline: The bill does not specify an implementation timeline; however, it is anticipated that once passed, the Department of Education would establish guidelines for lenders to comply with the new disclosure requirements.

Affected Parties

  • Borrowers: The primary beneficiaries of this bill are students and graduates who take out Federal student loans. By understanding the total interest costs, borrowers can better plan their finances and assess the true cost of their education.

  • Lenders: Financial institutions and entities that provide Federal student loans will need to adjust their loan documentation and processes to comply with the new disclosure requirements.

  • Educational Institutions: Colleges and universities may also be indirectly affected as they may need to provide guidance to students regarding the implications of the new disclosures.

Legislative Process

  • Committee Referral: Upon its introduction on November 19, 2025, HR 6134 was referred to the House Committee on Education and Workforce for further consideration. The committee will review the bill and may hold hearings or discussions before deciding whether to advance it to the full House for a vote.

Conclusion

HR 6134 seeks to improve the financial literacy of Federal student loan borrowers by ensuring they are fully informed about the total interest costs associated with their loans. By mandating clear disclosures, the bill aims to empower borrowers to make better financial decisions regarding their education financing. The outcome of this bill will depend on its progress through the legislative process and the responses from stakeholders involved in Federal student lending.

Compiled from official sources — confirm details with the bill’s official record.

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