,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #bcd  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,janu>y #bh1 #bjai,mr4 
,enzi 7= himself1 ,mr4 ,b>rasso1 & ,ms4 
,ern/7 introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to am5d ! ,high] ,education 
,act ( #aife to require ! disclosure ( !
 annual p]c5tage rates applicable to    
,f$]al /ud5t loans4  #a4 ,%ort title    
,?is ,act may be cit$ z ! ,transp>5cy 9 
,/ud5t ,l5d+ ,act4  #b4 ,requir$        
disclosures ,section #dee7p7 ( ! ,high] 
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajhg;e7p77 is am5d$--  7#a7 by /rik+   
,ea* in/itution & ins]t+ ! foll[+3  7#a7
 ,9 g5]al ,ea* in/itution  2 &  7#b7 by 
add+ at ! end ! foll[+3  7#b7           
,disclosure ( ,,apr prior to disbursem5t
 ,9 addition to ! disclosures requir$ "u
 p>agraph 7#a71 ea* in/itution &        
contractor describ$ 9 su* p>agraph %all 
disclose to a borr[] be=e disbursem5t ( 
a loan made "u ?is "p1 9 writ+ & 9 a =m 

! borr[] may keep1 ! annual p]c5tage    
rate applicable to ! loan1 tak+ into    
acc\nt--  7,a7 ! am\nt ( ! loan2  7,b7 !
 /at$ int]e/ rate ( ! loan2  7,c7 ! /&>d
 t]m = a loan ( ! same type2  7,d7 any  
fees or additional co/s associat$ ) !   
loan2 &  7,e7 any capitalization (      
int]e/ on ! loan4  4