,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #cjie  ,,in ,,the ,,house ,,of  
,,representatives  ,june #d1 #bjai,mr4  
,swalwell of ,california 7for himself1  
,mr4 ,moulton1 ,mrs4 ,napolitano1 ,ms4  
,norton1 ,mr4 ,brendan ,f4 ,boyle of    
,pennsylvania1 and ,mr4 ,kilmer7        
introduced the following bill2 which was
 referred to the ,committee on          
,education and ,labor  ,a ,,bill  ,to   
amend the ,higher ,education ,act of    
#aife to direct the ,secretary of       
,education to provide each borrower with
 an individualized repayment guide4  #a4
 ,short title ,this ,act may be cited as
 the ,know ,your ,repayment ,options    
,act4  #b4 ,individualized repayment    
plan guide  7a7 ,exit counseling        
,section #dhe7;b77#a77;,a77i7 of the    
,higher ,education ,act of #aife 7#bj   
,u4,s4,c4 #ajib7;b77#a77;,a77i77 is     
amended by inserting1 or1 if available1 
the information described in subsection 
7n77#a71 after monthly payments14  7b7  
,individualized repayment plan guide    

,section #dhe of the ,higher ,education 
,act of #aife 7#bj ,u4,s4,c4 #ajib7 is  
amended by adding at the end the        
following3  7n7 ,individualized         
repayment plan guide ,beginning #a year 
after a borrower receives exit          
counseling under subsection 7b71 and    
annually thereafter until the borrower  
has repaid each loan of the borrower    
that is made1 insured1 or guaranteed    
under part ,b 7other than loans made    
pursuant to section #dbh;,c or loans    
under section #dbh;,b made on behalf of 
a student7 or made under part ,d 7other 
than ,federal ,direct ,consolidation    
,loans or ,federal ,direct ,,plus ,loans
 made on behalf of a student71 the      
,secretary shall--  7#a7 provide the    
borrower 7based on the borrower's annual
 income and the outstanding balance of  
principal and interest due on all such  
loans71 for each repayment plan         
available for such loans--  7,a7 the    
average anticipated monthly payment     
amount2  7,b7 the yearly payment amount2

  7,c7 the lifetime payment amount2     
7,d7 the number of months remaining to  
pay off the loans2  7,e7 the amount of  
the loans that have been forgiven2  7,f7
 a link to the place on the ,web site of
 the ,department that allows borrowers  
to change repayment plans or provides   
information about changing such plans2  
and  7,g7 any other information the     
,secretary determines may be helpful to 
the borrower in determining which       
repayment payment plan the borrower     
should choose2  7#b7 establish          
procedures for annual verification of   
the borrower's annual income and the    
outstanding balance of principal and    
interest due on all such loans1 and such
 other procedures as are necessary to   
effectively provide the information     
under paragraph 7#a71 including         
procedures that allow the borrower to   
consent to the sharing of such data     
between the ,internal ,revenue ,service 
and the ,department for the entire      
period the borrower is provided the     

information under paragraph 7#a71 in a  
manner that is as least burdensome as   
practical to the borrower2 and  7#c7    
enable the borrower1 at any time1 to opt
 out of being provided the information  
under paragraph 7#a7 on an annual basis4
  4