Know Before You Owe Federal Student Loan Act of 2025

# Know Before You Owe Federal Student Loan Act of 2025 - Summary **What the Bill Would Do:** This bill aims to increase transparency in federal student lending by requiring borrowers to receive clear, upfront information before taking out loans. While specific provisions aren't detailed in the available information, the title suggests the bill would mandate that students understand loan terms, interest rates, repayment obligations, and total costs before borrowing—similar to truth-in-lending requirements used in other financial products. **Who It Affects:** The bill would primarily impact students considering or taking federal student loans, as well as the colleges and universities that administer these loans. It could also affect the Department of Education, which manages federal student loan programs. **Current Status:** As of now, HR 3298 is in committee, meaning it has been introduced but not yet voted on by the full House of Representatives.

The bill was sponsored by Representative Mariannette Miller-Meeks (R-Iowa). For the bill to become law, it would need to pass committee review, a House vote, Senate approval, and presidential signature.