,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bajg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #aa1 #bjad,mrs4   
,%ahe5 introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to increase /ud5ts' &       
borr[]s' access to /ud5t loan in=mation 
)9 ! ,national ,/ud5t ,loan ,data       
,sy/em1 & to enc\rage improv$ outrea* to
 & communication ) borr[]s4  #a4 ,%ort  
title ,?is ,act may be cit$ z !         
,simplify+ ,access to ,/ud5t ,loan      
,in=mation ,act ( #bjad4  #b4 ,am5dm5t  
to ! ,tru? 9 ,l5d+ ,act  7a7 ,9 g5]al   
,section #abh7;e7 ( ! ,tru? 9 ,l5d+ ,act
 7#ae ,u4,s4,c4 #afch7;e77 is am5d$ by  
add+ at ! end ! foll[+3  7#ab7 ,national
 ,/ud5t ,loan ,data ,sy/em  7,a7 ,9     
g5]al ,ea* private educational l5d]     
%all-- 7i7 submit to ! ,secret>y (      
,education = inclusion 9 ! ,national    
,/ud5t ,loan ,data ,sy/em e/abli%$ "u   
section #dhe;,b ( ! ,high] ,education   
,act ( #aife 7#bj ,u4,s4,c4 #ajib;b7    

in=mation reg>d+ ea* private education  
loan made by su* l5d] t w all[ = !      
electronic ex*ange ( data betwe5 borr[]s
 ( private education loans & ! ,sy/em2 &
  7ii7 9 c>ry+ out clause 7i71 ensure ! 
privacy ( private education loan        
borr[]s4  7,b7 ,in=mation to be submitt$
 ,! in=mation reg>d+ private education  
loans requir$ "u subp>agraph 7,a7 to be 
includ$ 9 ! ,national ,/ud5t ,loan ,data
 ,sy/em %all include ! foll[+ if det]m9$
 appropriate by ! ,secret>y (           
,education3 7i7 ,! total am\nt & type ( 
ea* su* loan made1 includ+ out/&+ int]e/
 & out/&+ pr9cipal on su* loan4  7ii7 ,!
 int]e/ rate ( ea* su* loan made4  7iii7
 ,in=mation reg>d+ ! borr[] t !         
,secret>y ( ,education det]m9es is      
necess>y to ensure ! electronic ex*ange 
( data betwe5 borr[]s ( private         
education loans & ! ,sy/em4  7iv7       
,in=mation1 includ+ contact in=mation1  
reg>d+ ! l5d] t owns ! loan4  7v7       
,in=mation1 includ+ contact in=mation1  
reg>d+ ! s]vic] t is h&l+ ! loan4  7vi7 

,in=mation conc]n+ ! date ( any default 
on ! loan & ! collection ( ! loan1      
includ+ any in=mation conc]n+ ! repaym5t
 /atus ( any default$ loan4  7vii7      
,in=mation reg>d+ any def]m5t or        
=be>ance grant$ on ! loan4  7viii7 ,!   
date ( ! completion ( repaym5t by !     
borr[] ( ! loan4  7ix7 ,any o!r         
in=mation det]m9$ by ! ,secret>y (      
,education to be necess>y = ! op]ation (
 ! ,national ,/ud5t ,loan ,data ,sy/em4 
7,c7 ,update ,ea* private educational   
l5d] %all update ! in=mation reg>d+     
private education loans requir$ "u      
subp>agraph 7,a7 to be includ$ 9 !      
,national ,/ud5t ,loan ,data ,sy/em on !
 same s*$ule z in=mation is updat$ "u ! 
,sy/em "u section #dhe;,b ( ! ,high]    
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajib;b74  4  7b7 ,effective date ,!    
am5dm5t made by subsection 7a7 %all     
apply to private education loans t 7    
made = ! #bjaa-bjab academic ye> or     
lat]4  #c4 ,am5dm5t to ! ,high]         
,education ,act ( #aife ,section #dhe;,b

 ( ! ,high] ,education ,act ( #aife 7#bj
 ,u4,s4,c4 #ajib;b7 is am5d$ by add+ at 
! end ! foll[+3  7i7 ,private education 
loans  7#a7 ,9 g5]al ,! ,national ,/ud5t
 ,loan ,data ,sy/em e/abli%$ pursuant to
 subsection 7a7 %all conta9 ! in=mation 
requir$ to be includ$ "u section        
#abh7;e77#ab7 ( ! ,tru? 9 ,l5d+ ,act    
7#ae ,u4,s4,c4 #afch7;e77#ab774  7#b7   
,cosign] ,not)/&+ any o!r provision (   
law1 ! ,secret>y %all ensure t any      
cosign] ( a private education loan = :i*
 in=mation is includ$ 9 ! ,national     
,/ud5t ,loan ,data ,sy/em-- 7,a7 is able
 to access ! in=mation 9 su* ,sy/em )   
respect to su* private education loan2 &
  7,b7 does n h access to any in=mation 
9 su* ,sy/em ) respect to any loan = :i*
 ! cosign] has n cosign$4  7#c7 ,privacy
 ,! ,secret>y %all ensure t a private   
educational l5d]-- 7,a7 has access to ! 
,national ,/ud5t ,loan ,data ,sy/em only
 to submit in=mation = su* ,sy/em reg>d+
 ! private education loans ( su* l5d]2 &
  7,b7 may n see in=mation 9 ! ,sy/em   

reg>d+ ! loans ( any o!r l5d]4  7j7     
,repaym5t options ,! ,secret>y %all     
e/abli% a functionality )9 ! ,national  
,/ud5t ,loan ,data ,sy/em e/abli%$      
pursuant to subsection 7a7 t enables a  
/ud5t borr[] ( a loan made1 insur$1 or  
gu>ante$ "u ?is title to input in=mation
 necess>y = ! e/imation ( repaym5t      
am\nts "u ! v>i\s repaym5t plans        
available to ! borr[] ( su* loan to     
comp>e su* repaym5t plans4  4  #d4      
,non-traditional outrea* program  7a7   
,pilot program au?oriz$  7#a7 ,9 g5]al  
,! ,secret>y ( ,education 7ref]r$ to 9  
?is section z ! ,secret>y7 %all e/abli% 
a #e-ye> pilot program to aw>d grants1  
on a competitive basis1 to eligible     
entities to e/abli% or improve          
non-traditional outrea* programs &      
initiatives ) ! goal (-- 7,a7 r$uc+     
def]m5ts1 =be>ances1 & defaults on /ud5t
 loan repaym5ts2 &  7,b7 e/abli%+ be/   
practices = r$uc+ def]m5ts1 =be>ances1 &
 defaults on /ud5t loan repaym5ts4  7#b7
 ,eligible entity ,except z provid$ 9   

subsection 7e71 9 ?is section1 ! t]m    
eligible entity means-- 7,a7 an         
in/itution ( high] education entity2    
7,b7 an entity t s]vices loans made1    
insur$1 or gu>ante$ "u title ,,iv ( !   
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajgj et seq472 or  7,c7 a    
nonpr(it organization t has-- 7i7       
sub/antial exp]i5ce 9 adm9i/]+ /ud5t    
loan c\nsel+2 or  7ii7 demon/rat$       
success 9 r$uc+ def]m5ts1 =be>ances1 &  
defaults on /ud5t loan repaym5ts4  7#c7 
,res]vation = nonpr(it s]vic]s ,f am\nts
 made available to c>ry out ?is section1
 ! ,secret>y %all res]ve n less ?an #aj 
p]c5t to aw>d grants "u p>agraph 7#a7 to
 eligible entities t are nonpr(it /ud5t 
loan s]vic]s4  7b7 ,application ,an     
eligible entity t desires to receive a  
grant "u ?is section %all submit an     
application to ! ,secret>y at su* "t1 9 
su* mann]1 & conta9+ su* in=mation z !  
,secret>y may require4  7c7 ,activities 
7#a7 ,9 g5]al ,an eligible entity t     
receives a grant "u ?is section %all use

 ! grant funds to e/abli%               
non-traditional outrea* programs &      
initiatives t may include ! foll[+3 7,a7
 ,new or improv$ pre-college loan       
entrance c\nsel+ & f9ancial lit]acy     
sessions4  7,b7 ,new or improv$ exit    
c\nsel+ = /ud5t loan borr[]s4  7,c7     
,tra9 /ud5ts 9 h[ to use ! ,national    
,/ud5t ,loan ,data ,sy/em e/abli%$ "u   
section #dhe;,b ( ! ,high] ,education   
,act ( #aife 7#bj ,u4,s4,c4 #ajib;b74   
7,d7 ,at lea/ #a *eck-9 :ile a /ud5t    
loan borr[] is enroll$ 9 ! academic     
program = :i* ! /ud5t has tak5 out a    
loan 7:i* %all occur n e>li] ?an half   
way ?r\gh completion ( su* academic     
program71 :i* *eck-9 %all provide !     
borr[] ) an update on ! borr[]'s /ud5t  
loan /atus & in=mation on h[ ! outrea*  
program c s]ve z an in=mation res\rce = 
! borr[]4  7,e7 ,annual foll[-ups )     
/ud5t loan borr[]s aft] ! borr[]s are no
 long] enroll$ 9 ! academic program =   
:i* ! /ud5t has tak5 out a loan by      
attempt+ to contact ! borr[]s by phone1 

email1 mail1 or 9 p]son & provid+       
cont9u$ guidance & c\nsel+ & s]v+ z an  
in=mation res\rce4  7,f7 ,foll[-ups once
 a /ud5t loan borr[] rea*es a c]ta9     
level ( del9qu5cy on repaym5t ( su*     
loan1 z det]m9$ by ! ,secret>y4  7#b7   
,private loans ,an eligible entity t    
receives a grant "u ?is section %all "w 
to r$uce defaults on private education  
loan debt4  7d7 ,supplem5t n supplant   
,an eligible entity %all use grant funds
 receiv$ "u ?is section only to         
supplem5t ! funds t w\ld1 9 ! abs5ce (  
su* grant funds1 be made available f    
non-,f$]al s\rces = ! activities        
describ$ 9 subsection 7c71 & n to       
supplant su* funds4  7e7 ,cont9uation ( 
grant aw>ds  7#a7 ,9 g5]al ,if !        
,secret>y det]m9es t ! pilot program    
e/abli%$ "u ?is section has be5         
successful 9 r$uc+ def]m5ts1 =be>ances1 
& defaults on /ud5t loan repaym5ts1 !   
,secret>y may cont9ue to aw>d           
competitive grants beyond ! initial     
pilot program p]iod 9 accordance ) ?is  

subsection4  7#b7 ,au?orization ,!      
,secret>y %all aw>d grants "u ?is       
subsection on a competitive basis to    
eligible entities describ$ 9 p>agraph   
7#c7 :o a*ieve specific p]=mance        
outcomes & crit]ia 9 r$uc+ def]m5ts1    
=be>ances1 & defaults on /ud5t loan     
repaym5ts4 ,projects fund$ by grants "u 
?is subsection %all be ref]r$ to z ei!r 
,pay-=-,p]=mance or ,pay-=-,success     
projects1 z set =? 9 p>agraph 7#c74     
7#c7 ,eligible entity ,to be eligible to
 receive a grant "u ?is subsection1 an  
entity %all be an entity describ$ 9     
subp>agraph 7,a71 7,b71 or 7,c7 (       
subsection 7a77#b7 t-- 7,a7 9 ! case (  
an entity seek+ to c>ry out a           
,pay-=-,p]=mance project1 agrees to be  
reimburs$ "u ! grant prim>ily on ! basis
 ( a*ievem5t ( specifi$ p]=mance        
outcomes & crit]ia e/abli%$ by !        
,secret>y "u p>agraph 7#d72 or  7,b7 9 !
 case ( an entity seek+ to c>ry out a   
,pay-=-,success project-- 7i7 ent]s into
 a p>tn]%ip ) an inve/or1 su* z a       

philan?ropic organization t provides    
fund+ = a specific project to address   
r$uc+ def]m5ts1 =be>ances1 & defaults on
 /ud5t loan repaym5ts2 &  7ii7 agrees to
 be reimburs$ "u ! grant only if !      
project a*ieves specifi$ p]=mance       
outcomes & crit]ia e/abli%$ by !        
,secret>y "u p>agraph 7#d74  7#d7       
,p]=mance outcomes & crit]ia ,n lat] ?an
 #f mon?s aft] ! completion ( ! pilot   
program1 ! ,secret>y %all e/abli% &     
publi% on ! ,web site ( ! ,dep>tm5t (   
,education specific p]=mance measures1  
:i* include p]=mance outcomes & crit]ia1
 = ! initial qualification &            
reimbursem5t ( eligible entities to     
receive a grant "u ?is subsection4  7#e7
 ,p]iod ( availability = ,pay-=-,success
 ,projects ,funds appropriat$ to c>ry   
out ,pay-=-,success projects "u ?is     
subsection %all1 ^u obligation1 rema9   
available = disbursem5t until exp5d$1   
not)/&+ section #aeeb ( title #ca1      
,unit$ ,/ates ,code1 &1 if lat]         
deobligat$1 9 :ole or 9 "p1 be available

 until exp5d$ "u additional             
,pay-=-,success grants "u ?is           
subsection4  7f7 ,reports  7#a7         
,eligible entities ,an eligible entity t
 receives a grant "u ?is section %all   
submit an annual report to ! ,secret>y t
 describes ! use ( grant funds & details
 ! results ( ! activities conduct$ ) su*
 grant funds4  7#b7 ,secret>y  7,a7 ,9  
g5]al ,! ,secret>y %all submit a report 
to ,congress t details ! results ( !    
program fund$ "u ?is section & describes
 be/ practices 9 non-traditional outrea*
 programs t r$uce def]m5ts1 =be>ances1 &
 defaults on /ud5t loan repaym5ts4  7,b7
 ,report available publicly ,! ,secret>y
 %all make ! report describ$ 9          
subp>agraph 7,a7 publicly available on !
 ,web site ( ! ,dep>tm5t ( ,education4