,,ii  #aafth ,,congress  #b;d ,session  
,s4 #cbdc  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,january #bh1  
#bjbj,mrs4 ,shaheen introduced the      
following bill2 which was read twice and
 referred to the ,committee on ,health1 
,education1 ,labor1 and ,pensions  ,a   
,,bill  ,to increase students' and      
borrowers' access to student loan       
information within the ,national        
,student ,loan ,data ,system4  #a4      
,short title ,this ,act may be cited as 
the ,simplifying ,access to ,student    
,loan ,information ,act of #bjbj4  #b4  
,amendment to the ,truth in ,lending    
,act  7a7 ,in general ,section #abh7;e7 
of the ,truth in ,lending ,act 7#ae     
,u4,s4,c4 #afch7;e77 is amended by      
adding at the end the following3  7#ab7 
,national student loan data system  7,a7
 ,in general ,each private educational  
lender shall-- 7i7 submit to the        
,secretary of ,education for inclusion  
in the ,national ,student ,loan ,data   
,system established under section       

#dhe;,b of the ,higher ,education ,act  
of #aife 7#bj ,u4,s4,c4 #ajib;b7        
information regarding each private      
education loan made by such lender that 
will allow for the electronic exchange  
of data between borrowers of private    
education loans and the ,system2 and    
7ii7 in carrying out clause 7i71 ensure 
the privacy of private education loan   
borrowers4  7,b7 ,information to be     
submitted ,the information regarding    
private education loans required under  
subparagraph 7,a7 to be included in the 
,national ,student ,loan ,data ,system  
shall include the following if          
determined appropriate by the ,secretary
 of ,education3  7i7 ,the total amount  
and type of each such loan made1        
including outstanding interest and      
outstanding principal on such loan4     
7ii7 ,the interest rate of each such    
loan made4  7iii7 ,information regarding
 the borrower that the ,secretary of    
,education determines is necessary to   
ensure the electronic exchange of data  

between borrowers of private education  
loans and the ,system4  7iv7            
,information1 including contact         
information1 regarding the lender that  
owns the loan4  7v7 ,information1       
including contact information1 regarding
 the servicer that is handling the loan4
  7vi7 ,information concerning the date 
of any default on the loan and the      
collection of the loan1 including any   
information concerning the repayment    
status of any defaulted loan4  7vii7    
,information regarding any deferment or 
forbearance granted on the loan4  7viii7
 ,the date of the completion of         
repayment by the borrower of the loan4  
7ix7 ,any other information determined  
by the ,secretary of ,education to be   
necessary for the operation of the      
,national ,student ,loan ,data ,system4 
7,c7 ,update ,each private educational  
lender shall update the information     
regarding private education loans       
required under subparagraph 7,a7 to be  
included in the ,national ,student ,loan

 ,data ,system on the same schedule as  
information is updated under the ,system
 under section #dhe;,b of the ,higher   
,education ,act of #aife 7#bj ,u4,s4,c4 
#ajib;b74  4  7b7 ,effective date ,the  
amendment made by subsection 7a7 shall  
apply to private education loans that   
are made for the #bjba-bjbb academic    
year or later4  #c4 ,amendment to the   
,higher ,education ,act of #aife        
,section #dhe;,b of the ,higher         
,education ,act of #aife 7#bj ,u4,s4,c4 
#ajib;b7 is amended by adding at the end
 the following3  7i7 ,private education 
loans  7#a7 ,in general ,not later than 
#a year after the date of enactment of  
the ,simplifying ,access to ,student    
,loan ,information ,act of #bjbj1 the   
,national ,student ,loan ,data ,system  
established pursuant to subsection 7a7  
shall contain the information required  
to be included under section            
#abh7;e77#ab7 of the ,truth in ,lending 
,act 7#ae ,u4,s4,c4 #afch7;e77#ab774    
7#b7 ,cosigner ,notwithstanding any     

other provision of law1 the ,secretary  
shall ensure that any cosigner of a     
private education loan for which        
information is included in the ,national
 ,student ,loan ,data ,system--  7,a7 is
 able to access the information in such 
,system with respect to such private    
education loan in a separate account for
 such cosigner2 and  7,b7 does not have 
access to any information in such       
,system with respect to any loan for    
which the cosigner has not cosigned4    
7#c7 ,privacy ,the ,secretary shall     
ensure that a private educational       
lender-- 7,a7 has access to the         
,national ,student ,loan ,data ,system  
only to submit information for such     
,system regarding the private education 
loans of such lender2 and  7,b7 may not 
see information in the ,system regarding
 the loans of any other lender4  7j7    
,repayment options ,not later than #a   
year after the date of enactment of the 
,simplifying ,access to ,student ,loan  
,information ,act of #bjbj1 the         

,secretary shall establish a            
functionality within the ,national      
,student ,loan ,data ,system established
 pursuant to subsection 7a7 that enables
 a student borrower of a loan made1     
insured1 or guaranteed under this title 
to input information necessary for the  
estimation of repayment amounts under   
the various repayment plans available to
 the borrower of such loan to compare   
such repayment plans4  4