Connecticut 2017 Regular Session Status: In Committee

SB 570 — AN ACT CONCERNING LOAN INFORMATION PROVIDED TO STUDENTS BY INSTITUTIONS OF HIGHER EDUCATION.

Last action — REF. TO JOINT COMM. ON Higher Education and Employment Advancement

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2017 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

13 added · 5 removed

Plain-language change summary

The amended version of the bill adds a requirement for the Office of Higher Education to develop and make available a student loan repayment calculator through a mobile application. This calculator will provide users with an estimation of their federal student loans, including details such as the total principal balance, interest rates, total interest due, monthly payment amounts, and the final payment date based on ten- or fifteen-year repayment schedules. Additionally, institutions of higher education must provide annual instruction to students on how to access and use this calculator.

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General Assembly   Proposed Bill No.
General Assembly   Committee Bill No.
570   January Session, 2017   LCO No.
570 January Session, 2017   LCO No.
2783   *02783* Referred to Committee on HIGHER EDUCATION AND EMPLOYMENT ADVANCEMENT   Introduced by:
5193   *05193SB00570HED* Referred to Committee on HIGHER EDUCATION AND EMPLOYMENT ADVANCEMENT   Introduced by:
  SEN.
  (HED)   AN ACT CONCERNING LOAN INFORMATION PROVIDED TO STUDENTS BY INSTITUTIONS OF HIGHER EDUCATION.
LINARES, 33rd Dist.
  AN ACT CONCERNING LOAN INFORMATION PROVIDED TO STUDENTS BY INSTITUTIONS OF HIGHER EDUCATION.
That title 10a of the general statutes be amended to require institutions of higher education to annually provide students who receive state financial aid with information regarding each student's loans.
Section 1.
Statement of Purpose:
(NEW) (Effective January 1, 2018) The Office of Higher Education shall develop a student loan repayment calculator, and shall make the student loan repayment calculator available by means of a mobile application.
To require institutions of higher education to notify and inform students about their student loan debt and its consequences.
The student loan repayment calculator shall allow a user to enter information relating to federal student loans and the calculator shall provide such user with an estimation of the following information:
(1) The cumulative principal balance due on all borrowed federal student loans;
(2) the interest rate for each borrowed federal student loan;
(3) the cumulative amount of interest due on all borrowed federal loans;
(4) the cumulative monthly payment amount for all borrowed federal loans;
and (5) the final payment date.
Such information shall be based on a ten-year repayment schedule or a fifteen-year repayment schedule.
Each institution of higher education shall annually provide students with instruction on accessing and using the student loan repayment calculator.
This act shall take effect as follows and shall amend the following sections:
Section 1 January 1, 2018 New section Statement of Purpose:
To keep students informed of their student loan debt and available repayment options.
[Proposed deletions are enclosed in brackets.
Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.] Co-Sponsors:
SEN.
LINARES, 33rd Dist.
S.B.
570
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Action History

  1. REF. TO JOINT COMM. ON Higher Education and Employment Advancement

  2. DRAFTED BY COMMITTEE

  3. Vote to Draft

  4. PUBLIC HEARING 0223

  5. Reserved for Subject Matter Public Hearing

  6. REF. TO JOINT COMM. ON Higher Education and Employment Advancement

Sponsors

  • Art' b'Linares · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 186 not signed on

Sponsors (1)

  • b'Linares, Art'

Co-sponsors (0)

None.

Not signed on (186)

186 members have not signed on to this bill.

Show all 186 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 570?
SB 570 is sponsored by b'Linares, Art'.
What is the current status of SB 570?
This bill died with 2017 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 570?
Track SB 570 free on One Click Politics — get push/email alerts when it moves.

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