HB 1057-S - DIGEST |
(DIGEST OF PROPOSED 1ST SUBSTITUTE) |
Establishes the Washington student loan transparency act. |
Requires an educational institution to provide, to an enrolled student who has applied for student financial aid, a notification that includes information about: (1) The student education loans the educational institution has certified; and |
(2) How to access resources for student education loan borrowers provided by federal or state agencies, such as a student education loan debt hotline and web site or student education loan ombuds, federal student loan repayment calculator, or other available resources. |
Requires the student achievement council, in consultation with the state board for community and technical colleges, the workforce training and education coordinating board, and the department of licensing to develop a form for reporting compliance by the institutions of higher education. |