,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #haa  ,,in ,,the ,,house ,,of   
,,representatives  ,january #bh1        
#bjai,mr4 ,curtis 7for himself1 ,mr4    
,posey1 and ,mr4 ,budd7 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 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