,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #aaic  ,,in ,,the ,,house ,,of  
,,representatives  ,february #af1       
#bjag,mr4 ,trott introduced the         
following bill2 which was referred to   
the ,committee on ,education and the    
,workforce  ,a ,,bill  ,to amend the    
,higher ,education ,act of #aife to     
authorize institutions of higher        
education to provide additional loan    
counseling1 and for other purposes4  #a4
 ,short title ,this ,act may be cited as
 the ,financial ,literacy to ,financial 
,freedom ,act4  #b4 ,entrance counseling
 for borrowers ,section #dhe7l7 of the  
,higher ,education ,act of #aife 7#bj   
,u4,s4,c4 #ajib7l77 is amended by adding
 at the end the following3  7#c7        
,additional counseling ,in addition to  
the entrance counseling under paragraph 
7#a71 an eligible institution may       
require any borrower1 at or prior to the
 time of a disbursement to the borrower 
of a loan made under part ,d 7other than
 a ,federal ,direct ,consolidation ,loan

 or a ,federal ,direct ,,plus loan made 
on behalf of a student71 to receive the 
information described in paragraph 7#b7 
with respect to such loan1 or any other 
financial counseling1 including         
financial literacy counseling4  7#d7    
,annual loan acceptance ,prior to making
 the first disbursement of a loan made  
under part ,d 7other than a ,federal    
,direct ,consolidation ,loan7 to a      
borrower for an award year1 an eligible 
institution1 shall ensure that after    
receiving the applicable counseling     
under paragraph 7#b7 or 7#c71 the       
borrower accepts the loan for such award
 year by--  7,a7 signing the master     
promissory note for the loan2  7,b7     
signing and returning to the institution
 a separate written statement that      
affirmatively states that the borrower  
accepts the loan2 or  7,c7              
electronically signing an electronic    
version of the statement described in   
subparagraph 7,b74  4