Student loan servicers must now show borrowers the total interest they'll pay
H.R. 6134 — STUDENT Act · Filed by Randy Feenstra (R-IA) · 2 cosponsors · Introduced Nov 19, 2025 · Referred to committee
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What it does
This bill requires federal student loan servicers to disclose to borrowers the total amount of interest they will pay over the life of their loan under the standard repayment plan. Currently, borrowers receive disclosure of interest rates and monthly payments, but not the cumulative interest cost. The bill adds this single piece of information to existing disclosure documents so borrowers can see the full financial picture before committing to repayment.
Why we flagged it
The bill's sole operative mechanism is a mandatory disclosure—it requires student loan servicers to add one data point (total lifetime interest) to existing borrower notices. This is a transparency measure, not a rate cap, subsidy, or structural reform.
What the text implies
- Disclosure may prompt some borrowers to accelerate repayment or seek alternative repayment plans, potentially reducing servicer revenue from interest over time.
- The bill specifies 'standard repayment plan' as the baseline for the calculation, which may not reflect the plan the borrower actually selects—borrowers on income-driven plans will see a higher interest total than they will actually pay, potentially causing confusion.
The full analysis lists 3 implications of this text.
Who it affects
Borrowers gain material information needed to understand the true cost of their loans and make informed repayment choices. The disclosure requirement imposes no new cost on borrowers and no restriction on their rights—it only mandates that servicers provide information already calculable from existing loan terms.