,,ii  #aaeth ,,congress  #ast ,session  
,s4 #gdi  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,march #bh1         
#bjag,mr4 ,enzi introduced the following
 bill2 which was read twice and referred
 to the ,committee on ,health1          
,education1 ,labor1 and ,pensions  ,a   
,,bill  ,to amend the ,higher ,education
 ,act of #aife to require the disclosure
 of the annual percentage rates         
applicable to ,federal student loans4   
#a4 ,short title ,this ,act may be cited
 as the ,transparency in ,student       
,lending ,act4  #b4 ,required           
disclosures ,section #dee7p7 of the     
,higher ,education ,act of #aife 7#bj   
,u4,s4,c4 #ajhg;e7p77 is amended--  7#a7
 by striking ,each institution and      
inserting the following3  7#a7 ,in      
general ,each institution  2 and  7#b7  
by adding at the end the following3     
7#b7 ,disclosure of ,,apr prior to      
disbursement ,in addition to the        
disclosures required under paragraph    
7#a71 each institution and contractor   

described in such paragraph shall       
disclose to a borrower before           
disbursement of a loan made under this  
part1 in writing and in a form the      
borrower may keep1 the annual percentage
 rate applicable to the loan1 taking    
into account--  7,a7 the amount of the  
loan2  7,b7 the stated interest rate of 
the loan2  7,c7 the standard term for a 
loan of the same type2  7,d7 any fees or
 additional costs associated with the   
loan2 and  7,e7 any capitalization of   
interest on the loan4  4