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FL H0867
Bill
Status
2/17/2017
Primary Sponsor
Education Committee
Click for details
AI Summary
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Creates section 1009.45 of Florida Statutes requiring postsecondary institutions that disburse state financial aid to annually provide students with student loan information beginning in the 2017-2018 academic year
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Defines "student loans" as federal loans disbursed to students for education-related expenses
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Requires institutions to provide students estimates of total borrowed loans, total potential loan repayment amount including principal and interest, and monthly loan repayment amounts
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Requires institutions to provide students with the percentage of their borrowing limit that has been reached
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Protects institutions from liability for providing the required loan information; effective July 1, 2017
Legislative Description
Student Loan Debt
Last Action
Laid on Table, companion bill(s) passed, see CS/SB 396 (Ch. 2017-92)
4/19/2017