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It also sets liability limits and directs the Secretary to supply templates, technical assistance, approvals, projection formulas, and secure encryption technology, with defined terms for education loan and student.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/forms/","Forms",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/letter-of-estimated-annual-debt-for-students-act-of-2016-leads-act-of-2016/279434/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/letter-of-estimated-annual-debt-for-students-act-of-2016-leads-act-of-2016/279434.png","ImageObject",442,249,{"name":42,"@type":43},"8796093062539","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-23","2026-09-16",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",8,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"When must eligible institutions provide the annual student loan borrowing cost estimate?","Question",{"text":63,"@type":64},"Beginning July 1, 2018, institutions must provide the estimate no later than 30 days before the first day of each academic year beginning after the year the student first received the loan to attend the institution.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What information must the estimate include?",{"text":68,"@type":64},"The estimate must include cumulative loan balances and expected new loans, projected cumulative balances at course completion, projected monthly payment amounts based on a standard repayment schedule, interest rate information, and a clear and conspicuous disclaimer stating the information is an estimate.",{"name":70,"@type":61,"acceptedAnswer":71},"How can institutions provide the estimate and what liability applies?",{"text":72,"@type":64},"The estimate must be provided to the student in hard copy, by electronic mail, or by another method the Secretary may prescribe, and delivered separately from other required disclosures. Institutions providing the estimate in good faith are not liable for inaccuracies contained in the estimate.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},279434,1790142549,{"code":4,"msg":82,"data":83},"success",[84,89,94,99,104,109,113,118,123],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":86,"show_sort_weight":87,"slug":88},11,"Presentations",90,"presentations",{"id":90,"doc_module":22,"doc_module_name":25,"category_name":91,"show_sort_weight":92,"slug":93},12,"Resumes",80,"resumes",{"id":95,"doc_module":22,"doc_module_name":25,"category_name":96,"show_sort_weight":97,"slug":98},14,"Invoices",70,"invoices",{"id":100,"doc_module":22,"doc_module_name":25,"category_name":101,"show_sort_weight":102,"slug":103},15,"Posters",60,"posters",{"id":105,"doc_module":22,"doc_module_name":25,"category_name":106,"show_sort_weight":107,"slug":108},16,"Social Media",50,"social-media",{"id":110,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":111,"slug":112},17,40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":115,"show_sort_weight":116,"slug":117},18,"Letters",30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":121,"slug":122},21,"Paper Templates",5,"papers-templates",{"id":124,"doc_module":22,"doc_module_name":25,"category_name":125,"show_sort_weight":4,"slug":126},158,"General","general-158",{"code":4,"msg":82,"data":128},{"doc_id":79,"user_id":129,"nickname":42,"user_avatar":11,"doc_module":22,"category_id":110,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":135,"language":136,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":12,"update_tm":140,"read_time":30},8796093062539,"I  \n114HDCSONGREESSIONSS H. R. 5755  \nTo amend the Higher Education Act of 1965 to require institutions of higher education to provide students with annual estimates of student loan borrowing costs.  \nIN THE HOUSE OF REPRESENTATIVES  \nJULY 13, 2016  \nMr. MESSER (for himself, Ms. STEFANIK, Mr. ROKITA, Mrs. BROOKS of Indiana, Mr. BUCSHON, Mr. SWALWELL of California, and Mr. YOUNG of Indiana) introduced the following bill; which was referred to the Committee on Education and the Workforce  \nA BILL  \nTo amend the Higher Education Act of 1965 to require institutions of higher education to provide students with annual estimates of student loan borrowing costs.  \n1 Be it enacted by the Senate and House of Representa- 2 tives of the United States of America in Congress assembled, 3 SECTION 1. SHORT TITLE.  \n4 This Act may be cited as the ‘‘Letter of Estimated 5 Annual Debt for Students Act of 2016’’ or the ‘‘LEADS 6 Act of 2016’’.  \n2  \n1 SEC. 2. ANNUAL ESTIMATE OF STUDENT LOAN BORROWING  \n2 COSTS.  \n3 Section 485 of the Higher Education Act of 1965 (20 4 U. S.C. 1092) is amended by adding at the end the fol- 5 lowing:  \n6 ‘‘(n) ANNUAL ESTIMATE OF STUDENT LOAN BOR- 7 ROWING COSTS.—  \n8 ‘‘(1) IN GENERAL.—Beginning on July 1, 2018, 9 each eligible institution shall provide a cost estimate  \n10 described in paragraph (2) to each enrolled student 11 who receives an education loan to attend the institu- 12 tion, not later than 30 days before the first day of 13 each academic year beginning after the academic 14 year for which the student first received such a loan 15 to attend such institution.  \n16 ‘‘(2) CONTENTS OF ESTIMATE.—The estimate  \n17 under paragraph (1) shall contain the following in- 18 formation:  \n19 ‘‘(A) CUMULATIVE BALANCES AND MONTH- 20 LY PAYMENTS.—A notice to the student of—  \n21 ‘‘(i) the cumulative balance of edu- 22 cation loans owed by the student as of the  \n23 date of the notice;  \n24 ‘‘(ii) the amount of any new education  \n25 loans expected to be disbursed during such  \n26 academic year;  \n•HR 5755 IH  \n3  \n1 ‘‘(iii) the projected cumulative balance  \n2 of education loans that will be owed by the  \n3 student after the completion of the stu- 4 dent’s course of study at the institution;  \n5 and  \n6 ‘‘(iv) projected monthly payment  \n7 amounts based on the cumulative balances  \n8 described in clauses (i), (ii), and (iii), re- 9 spectively, assuming a standard repayment  \n10 schedule.  \n11 ‘‘(B) INTEREST RATES.—The interest rate  \n12 of each education loan, except that interest  \n13 rates for a private education loan may be based  \n14 on average private education loan interest rates  \n15 if the institution cannot reasonably determine  \n16 the actual interest rate of such loan.  \n17 ‘‘(C) DISCLAIMER.—A clear and con- 18 spicuous notice stating that any information  \n19 provided under paragraph (1) is an estimate, 20 accurate to the best of the institution’s knowl- 21 edge, and that an interest rate provided under  \n22 subparagraph (B)—  \n23 ‘‘(i) in the case of a loan described in  \n24 paragraph (6)(A)(i), is the applicable rate  \n25 of interest of such loan;  \n4  \n1 ‘‘(ii) in the case of a private education  \n2 loan, may be based on average private edu- 3 cation loan interest rates; and  \n4 ‘‘(iii) does not include private edu- 5 cation loans of which the institution is not  \n6 aware.  \n7 ‘‘(3) FORM OF ESTIMATE.—The estimate under  \n8 paragraph (1) shall be—  \n9 ‘‘(A) provided to the student in hard copy  \n10 format on the letterhead of the institution, by  \n11 electronic mail or by another method the Sec- 12 retary may prescribe; and  \n13 ‘‘(B) delivered to the student separately  \n14 from any other disclosures required under this  \n15 Act.  \n16 ‘‘(4) LIMITATION OF LIABILITY.—An institution  \n17 that provides the estimate under paragraph (1) in  \n18 good faith shall not be liable to any person for inac- 19 curacies contained in such estimate.  \n20 ‘‘(5) STUDENT DEBT LETTER TEMPLATE.—Not  \n21 later than July 1, 2017,","cbCaia7kNxzww5GV","https://ap.wps.com/l/cbCaia7kNxzww5GV","pdf",238619,7,"English","# Section 1. Short title\n# Section 2. Annual estimate of student loan borrowing costs\n## Contents of estimate\n## Form of estimate\n## Limitation of liability\n## Student debt letter template\n## Definitions","[{\"question\":\"When must eligible institutions provide the annual student loan borrowing cost estimate?\",\"answer\":\"Beginning July 1, 2018, institutions must provide the estimate no later than 30 days before the first day of each academic year beginning after the year the student first received the loan to attend the institution.\"},{\"question\":\"What information must the estimate include?\",\"answer\":\"The estimate must include cumulative loan balances and expected new loans, projected cumulative balances at course completion, projected monthly payment amounts based on a standard repayment schedule, interest rate information, and a clear and conspicuous disclaimer stating the information is an estimate.\"},{\"question\":\"How can institutions provide the estimate and what liability applies?\",\"answer\":\"The estimate must be provided to the student in hard copy, by electronic mail, or by another method the Secretary may prescribe, and delivered separately from other required disclosures. Institutions providing the estimate in good faith are not liable for inaccuracies contained in the estimate.\"}]","Letter of Estimated Annual Debt for Students Act of 2016 - LEADS Act of 2016 | PDF",1789520728]