Bipartisan legislation, led by Senators Moody and Ernst, seeks to provide students with a clear estimate of total interest payments.

A bipartisan group of senators is introducing legislation to give students and their families a clearer picture of the financial commitment involved in federal student loans.

The Student Transparency for Understanding Decisions in Education Net Terms (STUDENT) Act, spearheaded by Senators Ashley Moody (R-Fla.) and Joni Ernst (R-Iowa), aims to provide prospective students with an estimate of the total interest they would pay over the life of their loans.

Currently, students often focus on the principal amount they borrow, but the interest can significantly increase the total cost of their education.

This bill is designed to pull back the curtain on these o

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