# 119-s-1559: Know Before You Owe Federal Student Loan Act of 2025

119-s-1559, Know Before You Owe Federal Student Loan Act of 2025, is a 119th Congress bill sponsored by Sen. Grassley, Chuck [R-IA] (R-IA); status introduced; PRIA reads it as touching household money (as of 2025-12-20).

- Canonical: https://policyrisk.com/legislation/119-s-1559
- As of: 2025-12-20
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1559
- Congress: 119
- Title: Know Before You Owe Federal Student Loan Act of 2025
- Status: introduced
- Introduced: 2025-05-01
- Sponsor: Sen. Grassley, Chuck [R-IA] (R-IA)
- Cosponsors: 2
- Policy area: Education
- Touches household money: yes
- Last recorded action: 2025-12-20

## Summary

**Clearer, personalized pre-loan counseling and loan-amount confirmation.** This bill would rename Entrance Counseling to Pre-Loan Counseling and expand what borrowers must see before taking federal student loans. It would also add required quarterly statements while payments are paused. - Students and borrowers: Pre-loan counseling would include an estimated monthly payment after taxes and living expenses using Bureau of Labor Statistics data, expected health insurance costs, and estimates based on starting wages for the program if available and the borrower’s total estimated debt including known private loans. - Colleges and certification staff: Institutions would have to ensure borrowers complete pre-loan counseling and manually enter the exact dollar amount of Federal Direct Loan funding they want before the school certifies a disbursement for new Part D loans. - Lenders and servicers: During any period when payments are not required the lender would send a quarterly statement showing original principal, current balance, interest rate, interest accrued since the last statement, total interest paid, aggregate payments made, how to make voluntary payments, and contact information for billing errors.

## Cosponsors (2)

- Sen. Smith, Tina [D-MN] (D-MN), 2025-05-01T00:00:00.000Z
- Sen. Hassan, Margaret Wood [D-NH] (D-NH), 2025-05-05T00:00:00.000Z

## Provisions PRIA read

- Pre-loan counseling and confirmation: benefit, low. If enacted, this bill would rename entrance counseling to pre-loan counseling and expand what schools must tell you before a Federal Direct Loan disburses. Counseling would be triggered at the first disbursement of each new loan or the first disbursement in an award year when you get more than one…
- Quarterly statements during pause: benefit, low. If enacted, this bill would require your eligible lender or servicer to send a simple statement every three months whenever you are not required to make payments. The statement would show the original principal and current balance for each loan and in total, each loan's interest rate, total interes…

## Related bills

- 119-s-2461: Promotion and Expansion of Private Employee Ownership Act of 2025
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-2511: College Transparency Act
- 119-s-1558: Understanding the True Cost of College Act of 2025
- 119-s-3345: PBM Price Transparency and Accountability Act
- 119-s-1557: Net Price Calculator Improvement Act

## Sources
- [119-s-1559 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1559)

## Related
- [119-s-2461: Promotion and Expansion of Private Employee Ownership Act of 2025](https://policyrisk.com/legislation/119-s-2461)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-2511: College Transparency Act](https://policyrisk.com/legislation/119-s-2511)
- [119-s-1558: Understanding the True Cost of College Act of 2025](https://policyrisk.com/legislation/119-s-1558)
- [119-s-3345: PBM Price Transparency and Accountability Act](https://policyrisk.com/legislation/119-s-3345)
- [119-s-1557: Net Price Calculator Improvement Act](https://policyrisk.com/legislation/119-s-1557)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1559 (as of 2025-12-20).