,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #dihd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #bf1 #bjad ,mr4 
,gu?rie 7= himself1 ,mr4 ,hudson1 & ,mr4
 ,kl9e7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,education & !
 ,work=ce  ,a ,,bill  ,to am5d ! loan   
c\nsel+ requirem5ts "u ! ,high]         
,education ,act ( #aife1 & = o!r        
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,emp[]+ ,/ud5ts ,?r\gh     
,enhanc$ ,f9ancial ,c\nsel+ ,act4  #b4  
,annual c\nsel+ ,section #dhe7l7 ( !    
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajib7l77 is am5d$--  7#a7 9 !
 subsection head+1 by /rik+ ,entrance & 
ins]t+ ,annual2  7#b7 9 p>agraph 7#a7-- 
7,a7 9 ! p>agraph head+1 by /rik+       
disbursem5t & ins]t+ acceptance2  7,b7 9
 subp>agraph 7,a7--  7i7 9 ! matt]      
prec$+ clause 7i7--  7,i7 by /rik+ at or
 prior to & ins]t+ prior to or 9        
conjunction )2 &  7,,ii7 by /rik+ a     
disbursem5t to a fir/-"t borr[] ( a loan
 made1 insur$1 or gu>ante$ "u "p ,b 7o!r

 ?an a loan made pursuant to section    
#dbh;,c or a loan made on behalf ( a    
/ud5t pursuant to section #dbh;,b7 or & 
ins]t+ acceptance 79 a mann] describ$ 9 
subp>agraph 7,a71 7,b71 or 7,c7 (       
p>agraph 7#d77 by a borr[] ( a loan2 &  
7ii7 9 clause 7ii7--  7,i7 9 ! matt]    
prec$+ subclause 7,i7--  7aa7 by /rik+  
may & ins]t+ %all2 &  7bb7 by ins]t+ 1 =
 ea* aw>d ye> = :i* ! borr[] receives a 
loan made "u "p ,d aft] provid$2  7,,ii7
 9 subclause 7,i71 by /rik+ an entrance 
c\nsel+ session conduction 9 p]son &    
ins]t+ a c\nsel+ session conduct$ 9     
p]son2  7,,iii7 by /rik+ subclause      
7,,ii72  7,,iv7 by r$esignat+ subclause 
7,,iii7 z subclause 7,,ii72  7,v7 9     
subclause 7,,ii71 z s r$esignat$1 by    
/rik+ ! p]iod at ! end & ins]t+ 2 or2 & 
7,,vi7 by add+ at ! end ! foll[+3       
7,,iii7 ?r\gh ! use ( ! onl9e c\nsel+   
tool describ$ 9 subsection 7o77#a77;,b74
  2 &  7,c7 9 subp>agraph 7,b7--  7i7 by
 /rik+ ,! ,secret>y & ins]t+ ,9 ! case (
 in/itutions n us+ ! onl9e c\nsel+ tool 

describ$ 9 subsection 7o77#a77;,b71 !   
,secret>y2  7ii7 by /rik+ enc\rage      
in/itutions & ins]t+ require su*        
in/itutions2  7iii7 by ins]t+ 1 dur+ an 
annual c\nsel+ session t is 9-p]son or  
onl9e1 aft] ! use2 &  7iv7 by /rik+ ,b  
or2  7#c7 9 p>agraph 7#b7--  7,a7 by    
r$esignat+ subp>agraphs 7,c7 ?r\gh 7,g7 
& subp>agraphs 7,h7 ?r\gh 7,k71 z       
subp>agraphs 7,h7 ?r\gh 7,l71           
respectively1 & subp>agraphs 7,n7 ?r\gh 
7,q71 respectively2 &  7,b7 by ins]t+   
aft] subp>agraph 7,b71 ! foll[+3  7,c7  
,an explanation t ! borr[] is n requir$ 
to accept ! full am\nt ( ! loan (f]$ to 
! borr[]4  7,d7 ,an explanation t !     
borr[] %\ld consid] accept+ any grant1  
s*ol>%ip1 or ,/ate or ,f$]al "w-/udy    
jobs = :i* ! borr[] is eligible prior to
 accept+ ,f$]al /ud5t loans4  7,e7 ,a   
recomm5dation to ! borr[] to exhau/ !   
borr[]'s ,f$]al /ud5t loan options prior
 to tak+ out private loans & a w>n+ t   
private loans may n (f] ! same b5efits &
 repaym5t options z ,f$]al /ud5t loans4 

7,f7 ,an explanation ( ! approv$        
educational exp5ses = :i* ! borr[] may  
use a loan made "u "p ,d4  7,g7         
,in=mation on ! annual & aggregate loan 
limits = ,f$]al ,direct ,/af=d ,loans & 
,f$]al ,direct ,unsubsidiz$ ,/af=d      
,loans4  2  7,c7 9 subp>agraph 7,i71 z s
 r$esignat$--  7i7 by /rik+ a loan made 
"u section #dbh;,b or #dbh;,h12 &  7ii7 
by /rik+ 1 or a & ins]t+ or a2  7,d7 9  
subp>agraph 7,l71 z s r$esignat$--  7i7 
9 ! matt] prec$+ clause 7i71 by /rik+   
,sample & ins]t+ ,= a fir/-"t borr[]1   
sample2  7ii7 9 clause 7i77,i71 by /rik+
 loans "u section #dbh or #dbh;,h &     
ins]t+ ,f$]al ,direct ,/af=d ,loans or  
,f$]al ,direct ,unsubsidiz$ ,/af=d      
,loans2 &  7iii7 9 clause 7i77,,ii71 by 
/rik+ loans "u section #dbh1 #dbh;,b1 or
 #dbh;,h & ins]t+ ,f$]al ,direct ,,plus 
,loans or ,f$]al ,direct ,unsubsidiz$   
,/af=d ,loans2  7,e7 by ins]t+ aft]     
subp>agraph 7,l71 z s r$esignat$ &      
am5d$1 ! foll[+3  7,m7 ,= a borr[] ) an 
out/&+ balance ( pr9cipal or int]e/ due 

on a loan made "u ?is title--  7i7 a    
/atem5t ( ! am\nt ( su* out/&+ balance2 
7ii7 bas$ on su* out/&+ balance1 !      
anticipat$ mon?ly paym5t am\nt "u ea*   
repaym5t plan t may be available to !   
borr[]2 &  7iii7 bas$ on su* out/&+     
balance plus ! anticipat$ out/&+ balance
 on ! loan = :i* ! /ud5t is receiv+     
c\nsel+ "u ?is subsection & on any o!r  
,f$]al /ud5t loans t ! borr[] may accept
 dur+ ! borr[]'s c\rse ( /udy = :i* !   
borr[] enroll$ at ! in/itution1 an      
e/imate ( ! project$ mon?ly paym5t am\nt
 "u ea* su* repaym5t plan4  2 &  7,f7 9 
subp>agraph 7,q71 z s r$esignat$--  7i7 
by /rik+ "n ( &2 &  7ii7 by /rik+       
individual & ins]t+ in/itution's        
f9ancial aid (fice or o!r appropriate   
(fice at ! in/itution2 &  7#d7 by add+  
at ! end ! foll[+3  7#c7 ,annual loan   
acceptance ,prior to mak+ ! fir/        
disbursem5t ( a loan made "u "p ,d 7o!r 
?an a ,f$]al ,direct ,consolidation     
,loan or a ,f$]al ,direct ,,plus loan   
made on behalf ( a /ud5t7 to a borr[] = 

an aw>d ye>1 an eligible in/itution1    
%all1 z "p ( c>ry+ out ! c\nsel+        
requirem5ts ( ?is subsection = ! loan1  
ensure t ! borr[] accepts ! loan = su*  
aw>d ye> by--  7,a7 sign+ ! ma/]        
promissory note = ! loan2  7,b7 sign+ & 
return+ to ! in/itution a sep>ate writt5
 /atem5t t affirmatively /ates t !      
borr[] accepts ! loan2 or  7,c7         
electronically sign+ an electronic      
v]sion ( ! /atem5t describ$ 9           
subp>agraph 7,b74  4  #c4 ,exit ,c\nsel+
 ,section #dhe7;b7 ( ! ,high] ,education
 ,act ( #aife 7#bj ,u4,s4,c4 #ajib7;b77 
is am5d$--  7#a7 9 p>agraph 7#a77;,a7-- 
7,a7 9 ! matt] prec$+ clause 7i7--  7i7 
by /rik+ ?r\gh f9ancial aid (fices or   
o!rwise & ins]t+ ?r\gh ! use ( an       
int]active program1 dur+ an exit c\nsel+
 session t is 9-p]son or onl9e1 or ?r\gh
 ! use ( ! onl9e c\nsel+ tool describ$ 9
 subsection 7o77#a77;,a72  7ii7 by      
r$esignat+ clauses 7i7 ?r\gh 7ix7 z     
clauses 7iv7 ?r\gh 7xii71 respectively2 
7iii7 by ins]t+ be=e clause 7iv71 z s   

r$esignat$1 ! foll[+3  7i7 a summ>y ( ! 
out/&+ balance ( pr9cipal & int]e/ due  
on ! loans made to ! borr[] "u "p ,b1   
,d1 or ,e2  7ii7 an explanation ( !     
grace p]iod prec$+ repaym5t & ! expect$ 
date t ! borr[] w ent] repaym5t2  7iii7 
an explanation t ! borr[] has ! option  
to pay any int]e/ t has accru$ :ile !   
borr[] 0 9 s*ool or t may accrue dur+ ! 
grace p]iod prec$+ repaym5t or dur+ an  
au?oriz$ p]iod ( def]m5t or =be>ance1   
prior to ! capitalization ( ! int]e/2  2
  7iv7 9 clause 7iv71 z s r$esignat$1 by
 /rik+ sample in=mation %[+ ! av]age &  
ins]t+ in=mation1 bas$ on ! borr[]'s    
out/&+ balance describ$ 9 clause 7i71   
%[+ ! borr[]'s2  7v7 9 clause 7x71 z s  
r$esignat$1 by /rik+ consolidation loan 
"u section #dbh;,c or a2 &  7vi7 by add+
 at ! end ! foll[+3  7xiii7 = ea* ( !   
borr[]'s loans made "u "p ,b1 ,d1 or ,e 
= :i* ! borr[] is receiv+ c\nsel+ "u ?is
 subsection1 ! contact in=mation = !    
loan s]vic] ( ! loan & a l9k to su*     
s]vic]'s ,website4  2  7#b7 9 p>agraph  

7#a77;,b7--  7,a7 by ins]t+ onl9e or    
be=e 9 writ+2 &  7,b7 by add+ be=e !    
p]iod at ! end ! foll[+3 1 except t 9 ! 
case ( an in/itution us+ ! onl9e c\nsel+
 tool describ$ 9 subsection             
7o77#a77;,a71 ! ,secret>y %all attempt  
to provide su* in=mation to ! /ud5t 9 ! 
mann] describ$ 9 subsection             
7o77#c77;,c72 &  7#c7 9 p>agraph        
7#b77;,c71 by ins]t+ 1 su* z ! onl9e    
c\nsel+ tool describ$ 9 subsection      
7o77#a77;,a71 aft] electronic means4    
#d4 ,annual c\nsel+ = ,f$]al ,pell      
,grant recipi5ts ,section #dhe ( !      
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajib7 is am5d$ by add+ at !  
end ! foll[+3  7n7 ,annual c\nsel+ =    
,f$]al ,pell ,grant recipi5ts  7#a7     
,disclosure requir$ prior to disbursem5t
 ( ,f$]al ,pell ,grant  7,a7 ,9 g5]al   
,ea* eligible in/itution %all1 prior to 
! fir/ paym5t ( a ,f$]al ,pell ,grant to
 a /ud5t = an aw>d ye>1 ensure t ! /ud5t
 receives compreh5sive in=mation on !   
t]ms & conditions ( ! ,f$]al ,pell      

,grant 9 accordance ) p>agraph 7#b74    
,su* in=mation--  7i7 %all be provid$ 9 
a simple & und]/&able mann]2 &  7ii7    
%all be provid$1 = ea* aw>d ye> = :i* ! 
/ud5t receives a ,f$]al ,pell ,grant--  
7,i7 dur+ a c\nsel+ session conduct$ 9  
p]son2  7,,ii7 onl9e1 ) ! /ud5t         
ackn[l$g+ receipt ( ! in=mation2 or     
7,,iii7 ?r\gh ! use ( ! onl9e c\nsel+   
tool describ$ 9 subsection 7o77#a77;,c74
  7,b7 ,use ( int]active programs2 jo9t 
c\nsel+ p]mitt$ ,9 ! case ( in/itutions 
n us+ ! onl9e c\nsel+ tool describ$ 9   
subsection 7o77#a77;,c7--  7i7 !        
,secret>y %all require su* in/itutions  
to c>ry out ! requirem5ts ( subp>agraph 
7,a7 ?r\gh ! use1 dur+ an annual c\nsel+
 session t is 9-p]son or onl9e1 (       
int]active programs t te/ ! /ud5t's     
und]/&+ ( ! t]ms & conditions ( ! ,f$]al
 ,pell ,grant paid to ! /ud5t1 us+      
simple & und]/&able language & cle>     
=matt+2 &  7ii7 an annual c\nsel+       
session describ$ 9 subclause 7,i7 or    
7,,ii7 ( subp>agraph 7,a77ii7 = a /ud5t 

may be conduct$ 9 conjunction ) an      
annual c\nsel+ session describ$ 9       
subclause 7,i7 or 7,,ii7 ( subsection   
7l77#a77;,a77ii7 = su* /ud5t4  7#b7     
,in=mation to be provid$ ,! in=mation to
 be provid$ to ! /ud5t "u p>agraph      
7#a77;,a7 %all include ! foll[+3  7,a7  
,an explanation ( a ,f$]al ,pell ,grant4
  7,b7 ,an explanation ( approv$        
educational exp5ses = :i* ! /ud5t may   
use a ,f$]al ,pell ,grant4  7,c7 ,an    
explanation ( :y a /ud5t may h to repay 
! ,f$]al ,pell ,grant4  7,d7 ,an        
explanation ( ! maximum numb] ( seme/]s 
or equival5t = :i* ! /ud5t may be       
eligible to receive a ,f$]al ,pell      
,grant1 & a /atem5t ( ! am\nt ( "t      
rema9+ = :i* ! /ud5t may be eligible to 
receive a ,f$]al ,pell ,grant4  7,e7 ,an
 explanation ( h[ ! /ud5t may budget =  
typical educational exp5ses & a sample  
budget bas$ on ! co/ ( att5dance = !    
in/itution4  7,f7 ,an explanation ( h[ !
 /ud5t may seek additional f9ancial     
assi/ance f ! in/itution's f9ancial aid 

(fice due to a *ange 9 ! /ud5t's        
f9ancial circum/ances1 & ! contact      
in=mation = su* (fice4  4  #e4 ,onl9e   
c\nsel+ tools ,section #dhe ( ! ,high]  
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajib7 is fur!r am5d$ by add+ at ! end !
 foll[+3  7o7 ,onl9e c\nsel+ tools  7#a7
 ,9 g5]al ,beg9n+ n lat] ?an #a ye> aft]
 ! date ( enactm5t ( ! ,emp[]+ ,/ud5ts  
,?r\gh ,enhanc$ ,f9ancial ,c\nsel+ ,act1
 ! ,secret>y %all ma9ta9--  7,a7 an     
onl9e c\nsel+ tool t provides ! exit    
c\nsel+ requir$ "u subsection 7b7 &     
meets ! applicable requirem5ts ( ?is    
subsection2  7,b7 an onl9e c\nsel+ tool 
t provides ! annual c\nsel+ requir$ "u  
subsection 7l7 & meets ! applicable     
requirem5ts ( ?is subsection2 &  7,c7 an
 onl9e c\nsel+ tool t provides ! ,f$]al 
,pell ,grant c\nsel+ requir$ "u         
subsection 7n7 & meets ! applicable     
requirem5ts ( ?is subsection4  7#b7     
,requirem5ts ( tools ,9 ma9ta9+ ! onl9e 
c\nsel+ tools describ$ 9 p>agraph 7#a71 
! ,secret>y %all ensure--  7,a7 9 ! case

 ( ! onl9e c\nsel+ tools describ$ 9     
subp>agraphs 7,a7 & 7,b7 ( p>agraph     
7#a71 ea* su* tool is consum] te/$ to   
ensure t ! tool is effective 9 help+    
/ud5ts und]/& _! rights & obligations ) 
respect to borr[+ a loan made "u "p ,d2 
7,b7 9 ! case ( ! onl9e tool describ$ 9 
p>agraph 7#a77;,c71 ! tool is consum]   
te/$ to ensure t su* tool is effective 9
 help+ /ud5ts und]/& _! rights &        
obligations ) respect to receiv+ a      
,f$]al ,pell ,grant2 &  7,c7 ea* su*    
tool is und]/&able to /ud5ts & freely   
available to all eligible in/itutions4  
7#c7 ,record ( c\nsel+ completion ,!    
,secret>y %all--  7,a7 use ea* onl9e    
c\nsel+ tool describ$ 9 p>agraph 7#a7 to
 keep a record ( :i* /ud5ts h receiv$   
c\nsel+ us+ ! tool1 & notify !          
applicable in/itutions ( ! /ud5ts'      
completion ( su* c\nsel+2  7,b7 9 ! case
 ( a /ud5t :o receives annual c\nsel+   
us+ ! tool describ$ 9 p>agraph          
7#a77;,b71 notify ! /ud5t by :5 ! /ud5t 
%\ld accept1 9 a mann] describ$ 9       

section #dhe7l77#c71 ! loan = :i* !     
/ud5t has receiv$ su* c\nsel+2 &  7,c7 9
 ! case ( a /ud5t describ$ 9 subsection 
7b77#a77;,b7 at an in/itution t uses !  
onl9e c\nsel+ tool describ$ 9 p>agraph  
7#a77;,a7 ( ?is subsection1 ! ,secret>y 
%all attempt to provide ! in=mation     
describ$ 9 subsection 7b77#a77;,a7 to ! 
/ud5t ?r\gh su* tool4  4