,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bdfj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #aj1 #bjad ,mr4  
,m55dez introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to am5d ! ,tru? 9 ,l5d+ ,act
 & ! ,high] ,education ,act ( #aife to  
require additional disclosures &        
protections = /ud5ts & cosign]s )       
respect to /ud5t loans1 & = o!r         
purposes4  #a4  ,%ort title2 ,f9d+s  7a7
  ,%ort title  ,?is ,act may be cit$ z !
 ,*ri/oph] ,bryski ,/ud5t ,loan         
,protection ,act or ,*ri/oph]'s ,law4   
7b7  ,f9d+s  ,congress f9ds ! foll[+3   
7#a7 ,accord+ to ! ,bureau ( ,consum]   
,f9ancial ,protection 7h]eaft] ref]r$ to
 z ! ,,cfpb7 ,/ud5t ,loan ,ombudsman3   
7,a7  ,! ,,cfpb receiv$ m ?an #b1cjj    
private /ud5t loan compla9ts & m ?an    
#a1cjj debt collection compla9ts relat$ 
to /ud5t loans betwe5 ,octob] #a1 #bjac1
 & ,m>* #ca1 #bjad44  7,b7  ,co-sign]s  
compla9 t in=mation ab\t dis*>ge or     

alt]native arrangem5ts 9 ! case ( dea? (
 ! prim>y borr[] is n readily available 
& t decisions are made on a case-by-case
 basis1 giv+ co-sign]s little und]/&+ ( 
h[ ! process works1 or if !y w be       
successful44  7,c7  ,! compla9ts & input
 receiv$ by ! ,,cfpb resemble _m ( !    
same issues exp]i5c$ by mortgage        
borr[]s1 su* z improp] application (    
paym5ts1 untimel9ess 9 error resolution1
 & inability to contact appropriate     
p]sonnel 9 times ( h>d%ip44  7,d7  ,!   
diff]5ce betwe5 f$]al & private /ud5t   
loans 9 p]iods ( disability 0 n         
well-und]/ood44  7#b7 ,an e/imat$       
#a1gjj1jjj p su/a9 a traumatic bra9     
injury ea* ye>1 ) old] adolesc5ts ag$   
#ae to #ai ye>s old m likely to su/a9 a 
traumatic bra9 injury ?an o!r age gr\ps4
  7#c7 ,x has be5 e/imat$ t ! annual    
incid5ce ( sp9al cord injury1 n includ+ 
^? :o die at ! sc5e ( an accid5t1 is    
approximately #dj cases p] #a1jjj1jjj p 
9 ! ,unit$ ,/ates or approximately      
#ab1jjj new cases ea* ye>4 ,^! injuries 

c lead to p]man5t disability or loss (  
movem5t & c prohibit ! victim f engag+ 9
 any sub/antial ga9ful activity4  7#d7  
,accord+ to ! ,,cfpb1 m ?an #ij p]c5t ( 
new private /ud5t loans are co-sign$4   
#b4  ,additional /ud5t loan protections 
7a7  ,9 g5]al  ,section #adj ( ! ,tru? 9
 ,l5d+ ,act 7#ae ,u4,s4,c4 #afej7 is    
am5d$ by add+ at ! end ! foll[+3  7g7   
,additional protections relat+ to dea?  
or disability ( borr[] or cosign] ( a   
private education loan  7#a7  ,cle> &   
conspicu\s description ( borr[]'s &     
cosign]'s obligation  ,9 ! case ( any   
private educational l5d] :o ext5ds a    
private education loan1 ! l5d] %all     
cle>ly & conspicu\sly describe1 9 writ+1
 ! cosign]'s obligations ) respect to ! 
loan1 includ+ ! effect ! dea?1          
disability1 or inability to engage 9 any
 sub/antial ga9ful activity ( ! borr[]  
or any cosign] w\ld h on any su*        
obligation1 9 language t ! ,bureau      
det]m9es w\ld give a reasonable p]son a 
reasonable und]/&+ ( ! obligation be+   

assum$ by becom+ a cosign] = ! loan4    
7#b7  ,designation ( individual to act  
on behalf ( ! borr[]  ,9 ! case ( any   
private educational l5d] :o ext5ds a    
private education loan1 ! l5d] %all     
require ! borr[] to designate an        
individual to h ! legal au?ority to act 
on behalf ( ! borr[] ) respect to !     
private education loan 9 ! ev5t ( !     
borr[]'s dea?1 disability1 or inability 
to engage 9 any sub/antial ga9ful       
activity4  7#c7  ,c\nsel+  ,9 ! case (  
any private educational l5d] :o ext5ds a
 private education loan1 ! l5d] %all    
ensure t ! borr[]1 & any cosign]1       
receives compreh5sive in=mation on !    
t]ms & conditions ( ! loan & ( !        
responsibilities ! borr[] has ) respect 
to su* loan1 includ+ ! in=mation        
describ$ "u section #dhe7l77#b7 ( !     
,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajib7l77#b774  7#d7  ,model  
=m  ,! ,bureau %all publi% a model =m "u
 section #aje = describ+ a cosign]'s    
obligation = purposes ( p>agraph 7#a74  

7#e7  ,def9ition ( dea?1 disability1 or 
inability to engage 9 any sub/antial    
ga9ful activity  ,= ! purposes ( ?is    
subsection ) respect to a borr[] or     
cosign]1 ! t]m dea?1 disability1 or     
inability to engage 9 any sub/antial    
ga9ful activity--  7,a7 means any       
condition describ$ 9 section #dcg7;a7 ( 
! ,high] ,education ,act ( #aife 7#bj   
,u4,s4,c4 #ajhg7;a772 &  7,b7 %all be   
int]pret$ by ! ,bureau 9 su* a mann] z  
to con=m ) ! regulations prescrib$ by ! 
,secret>y ( ,education "u section       
#dcg7;a7 ( su* ,act 7#bj ,u4,s4,c4      
#ajhg7;a77 to ! fulle/ ext5t            
practicable1 includ+ safegu>ds to prev5t
 fraud & abuse4  4  7b7  ,def9itions    
,subsection 7a7 ( section #adj ( ! ,tru?
 9 ,l5d+ ,act 7#ae ,u4,s4,c4 #afej7;a77 
is am5d$--  7#a7 by r$esignat+ p>agraphs
 7#a7 ?r\gh 7#h7 z p>agraphs 7#b7 ?r\gh 
7#i71 respectively2 &  7#b7 by ins]t+   
be=e p>agraph 7#b7 7z r$esignat$ by     
p>agraph 7#a77 ! foll[+3  7#a7 ! t]m    
cosign]--  7,a7 means any individual :o 

is liable = ! obligation ( ano!r )\t    
comp5sation1 reg>dless ( h[ designat$ 9 
! contract or in/rum5t2  7,b7 includes  
any p]son ^: signature is reque/$ z     
condition to grant cr$it or to =be> on  
collection2 &  7,c7 does n include a    
sp\se ( an individual ref]r$ to 9       
subp>agraph 7,a7 ^: signature is ne$$ to
 p]fect ! security int]e/ 9 ! loan2  4  
7c7  ,rulemak+  ,n lat] ?an ! end ( !   
#a-ye> p]iod foll[+ ! date ( ! enactm5t 
( ?is ,act1 ! ,bureau ( ,consum]        
,f9ancial ,protection %all issue        
regulations to c>ry out section #adj7;g7
 ( ! ,tru? 9 ,l5d+ ,act4  #c4  ,f$]al   
/ud5t loans  7a7  ,c\nsel+ in=mation    
,section #dhe7l77#b7 ( ! ,high]         
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajib7l77#b77 is am5d$ by add+ at ! end 
! foll[+3  7,l7 ,in=mation on !         
conditions requir$ to dis*>ge ! loan due
 to ! dea?1 disability1 or inability to 
engage 9 any sub/antial ga9ful activity 
( ! borr[] 9 accordance ) section       
#dcg7;a71 & an explanation t1 9 ! case (

 a private education loan made ?r\gh a  
private educational l5d] 7z su* t]ms are
 def9$ 9 section #adj ( ! ,tru? 9 ,l5d+ 
,act 7#ae ,u4,s4,c4 #afej771 ! borr[]1 !
 borr[]'s e/ate1 & any cosign] ( su* a  
private education loan may be obligat$  
to repay ! full am\nt ( ! loan1         
reg>dless ( ! dea? or disability ( !    
borr[] or any o!r condition describ$ 9  
section #dcg7;a74  7,m7 ,any repaym5t1  
ref9ance1 def]m5t1 =be>ance1 or =giv5ess
 opportunities available to ! borr[]1 or
 cosign]1 9 ! ev5t ( ei!r individual's  
dea?1 disability1 or inability to engage
 9 any sub/antial ga9ful activity4  7,n7
 ,! effect t ! dea?1 disability1 or     
inability to engage 9 any sub/antial    
ga9ful activity ( ! borr[] w\ld h on !  
obligations ( ! borr[] & any cosign] ( !
 loan4  4  7b7  ,designation (          
individual ,to act on behalf ( ! borr[] 
,section #dhd7;a77#d7 ( ! ,high]        
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajia7;a77#d77 is am5d$--  7#a7 9       
subp>agraph 7,a71 by /rik+ & aft] !     

semicolon2  7#b7 9 subp>agraph 7,b71 by 
ins]t+ & aft] ! semicolon2 &  7#c7 by   
add+ at ! end ! foll[+ new subp>agraph3 
7,c7 a designation by su* /ud5t ( an    
individual :o %all h ! legal au?ority to
 act on behalf ( ! /ud5t ) respect to   
any loan to ! /ud5t "u ?is title 9 !    
ev5t ( ! /ud5t's dea?1 disability1 or   
inability to engage 9 any sub/antial    
ga9ful activity2  4