| Old | New | Differences | |
|---|---|---|---|
| 1 | - | General Assembly | |
| 2 | - | January Session, 2017 LCO No. | |
| 3 | - | * | |
| 1 | + | General Assembly Proposed Bill No. 570 | |
| 2 | + | January Session, 2017 LCO No. 2783 | |
| 3 | + | *02783* | |
| 4 | 4 | Referred to Committee on HIGHER EDUCATION AND EMPLOYMENT ADVANCEMENT | |
| 5 | 5 | Introduced by: | |
| 6 | - | ||
| 6 | + | SEN. LINARES, 33rd Dist. | |
| 7 | 7 | ||
| 8 | 8 | General Assembly | |
| 9 | 9 | ||
| 10 | - | ||
| 10 | + | Proposed Bill No. 570 | |
| 11 | 11 | ||
| 12 | 12 | January Session, 2017 | |
| 13 | 13 | ||
| 14 | - | LCO No. | |
| 14 | + | LCO No. 2783 | |
| 15 | 15 | ||
| 16 | - | * | |
| 16 | + | *02783* | |
| 17 | 17 | ||
| 18 | 18 | Referred to Committee on HIGHER EDUCATION AND EMPLOYMENT ADVANCEMENT | |
| 19 | 19 | ||
| 20 | 20 | Introduced by: | |
| 21 | 21 | ||
| 22 | - | ||
| 22 | + | SEN. LINARES, 33rd Dist. | |
| 23 | 23 | ||
| 24 | 24 | AN ACT CONCERNING LOAN INFORMATION PROVIDED TO STUDENTS BY INSTITUTIONS OF HIGHER EDUCATION. | |
| 25 | 25 | ||
| 26 | 26 | Be it enacted by the Senate and House of Representatives in General Assembly convened: | |
| 27 | 27 | ||
| 28 | - | Section 1. (NEW) (Effective January 1, 2018) The Office of Higher Education shall develop a student loan repayment calculator, and shall make the student loan repayment calculator available by means of a mobile application. The student loan repayment calculator shall allow a user to enter information relating to federal student loans and the calculator shall provide such user with an estimation of the following information: (1) The cumulative principal balance due on all borrowed federal student loans; (2) the interest rate for each borrowed federal student loan; (3) the cumulative amount of interest due on all borrowed federal loans; (4) the cumulative monthly payment amount for all borrowed federal loans; and (5) the final payment date. Such information shall be based on a ten-year repayment schedule or a fifteen-year repayment schedule. Each institution of higher education shall annually provide students with instruction on accessing and using the student loan repayment calculator. | |
| 29 | - | ||
| 30 | - | ||
| 31 | - | ||
| 32 | - | ||
| 33 | - | This act shall take effect as follows and shall amend the following sections: | |
| 34 | - | Section 1 January 1, 2018 New section | |
| 35 | - | ||
| 36 | - | This act shall take effect as follows and shall amend the following sections: | |
| 37 | - | ||
| 38 | - | Section 1 | |
| 39 | - | ||
| 40 | - | January 1, 2018 | |
| 41 | - | ||
| 42 | - | New section | |
| 28 | + | That title 10a of the general statutes be amended to require institutions of higher education to annually provide students who receive state financial aid with information regarding each student's loans. | |
| 43 | 29 | ||
| 44 | 30 | Statement of Purpose: | |
| 45 | 31 | ||
| 46 | - | To keep students informed of their student loan debt and available repayment options. | |
| 47 | - | ||
| 48 | - | [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.] | |
| 49 | - | ||
| 50 | - | ||
| 51 | - | ||
| 52 | - | Co-Sponsors: SEN. LINARES, 33rd Dist. | |
| 53 | - | ||
| 54 | - | Co-Sponsors: | |
| 55 | - | ||
| 56 | - | SEN. LINARES, 33rd Dist. | |
| 57 | - | ||
| 58 | - | S.B. 570 | |
| 32 | + | To require institutions of higher education to notify and inform students about their student loan debt and its consequences. |