Know Before You Owe Federal Student Loan Act of 2025

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3298 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3298 To revise counseling requirements for certain borrowers of student loans, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 8, 2025 Mrs. Miller-Meeks introduced the following bill; which was referred to the Committee on Education and Workforce _______________________________________________________________________ A BILL To revise counseling requirements for certain borrowers of student loans, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Know Before You Owe Federal Student Loan Act of 2025''. SEC. 2. PRE-LOAN COUNSELING AND CERTIFICATION OF LOAN AMOUNT. Section 485(l) of the Higher Education Act of 1965 (20 U.S.C. 1092(l)) is amended-- (1) in the subsection heading, by striking ``Entrance Counseling'' and inserting ``Pre-Loan Counseling''; (2) in paragraph (1)(A)-- (A) in the matter preceding clause (i), by striking ``a disbursement to a first-time borrower of a loan'' and inserting ``the first disbursement of each new loan (or the first disbursement in each award year if more than one new loan is obtained in the same award year)''; and (B) in clause (ii)(I), by striking ``an entrance counseling'' and inserting ``a counseling''; (3) in paragraph (2)-- (A) by striking subparagraph (G) and inserting the following: ``(G) An estimate of the borrower's monthly payment amount compared to the borrower's estimated monthly income after taxes, after living expenses (using Consumer Expenditure Survey data from the Bureau of Labor Statistics), after estimated health insurance costs, and after any other relevant expenses, based on-- ``(i) the best available data on starting wages for the borrowe