,,ii  #aadth ,,congress  #ast ,session  
,s4 #gha  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,march #ah1 #bjae   
,mr4 ,donnelly 7for himself and ,mr4    
,scott7 introduced the following bill2  
which was read twice and referred to the
 ,committee on ,health1 ,education1     
,labor1 and ,pensions  ,a ,,bill  ,to   
improve knowledge about the best        
practices for teaching financial        
literacy1 and for other purposes4  #a4  
,short title  ,this ,act may be cited as
 the ,empowering ,student ,borrowers    
,act4  #b4 ,best practices for teaching 
financial literacy ,part ,c of title ,i 
of the ,higher ,education ,act of #aife 
7#bj ,u4,s4,c4 #ajae et seq47 is amended
 by adding at the end the following3    
#ach4 ,best practices for teaching      
financial literacy  7a7 ,best practices 
7#a7 ,in general ,after soliciting      
public comments and consulting with and 
receiving input from relevant parties1  
including a diverse set of institutions 
of higher education and other parties1  

the ,secretary shall1 by not later than 
#a year after the date of enactment of  
the ,empowering ,student ,borrowers     
,act1 establish best practices for      
institutions of higher education        
regarding methods to--  7,a7 teach      
financial literacy skills2 and  7,b7    
provide useful and necessary information
 to assist students at the institutions 
of higher education when making         
financial decisions related to student  
borrowing4  7#b7 ,best practices ,the   
best practices described in paragraph   
7#a7 shall include the following3 7,a7  
,methods to ensure that students have a 
clear sense of the students' total      
borrowing obligations1 including monthly
 payments1 and repayment options4  7,b7 
,the most effective ways to engage      
students in financial literacy          
education1 including frequency and      
timing of communication with students4  
7,c7 ,information on how to target      
different student populations1 including
 part-time students1 first-time         

students1 and other nontraditional      
students4  7,d7 ,ways to clearly        
communicate the importance of graduating
 on a student's ability to repay student
 loans4  7b7 ,maintenance of best       
practices ,the ,secretary shall maintain
 and periodically update the best       
practices information required under    
subsection 7a7 and make the best        
practices available to the public4  4