H.R. 4555

119 HR 4555 IH: Student Loan Contract Act of 2025
 U.S. House of Representatives
 2025-07-21
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 I  119th CONGRESS  1st Session  H. R. 4555  IN THE HOUSE OF REPRESENTATIVES   July 21, 2025   Ms. Underwood  (for herself,  Ms. Adams ,  Mr. Davis of North Carolina ,  Mr. Jackson of Illinois ,  Mr. Davis of Illinois , and  Mr. Thanedar ) introduced the following bill; which was referred to the  Committee on Education and Workforce    A BILL
To amend the Higher Education Act of 1965 to rename master promissory notes for loans made under part D of title IV of such Act to student loan contracts.
1.
Short title
This Act may be cited as the   Student Loan Contract Act of 2025  .
2.
Student loan contract and loan disclosures
(a)
Student loan contract
Section 432(m)(1)(D) of the Higher Education Act of 1965 ( 20 U.S.C. 1082(m)(1)(D) ) is amended by adding at the end the following:
(iv)
Student loan contract
(I)
In general
Any master promissory note form described in this subparagraph that is developed or used for loans made under part D for periods of enrollment beginning on or after the date of enactment of the  Student Loan Contract Act of 2025  shall be referred to as a  student loan contract .
(II)
Clarification on use
A student loan contract for loans made under part D for a student shall only be used with respect to loans made under part D for the periods of enrollment that are in the same award year for which the initial loans for which the contract is used were made.
 .
(b)
Conforming amendments
Section 485(l)(2)(B) of the Higher Education Act of 1965 ( 20 U.S.C. 1092(l)(2)(B) ) is amended by inserting before the period at the end the following:  or the student loan contract .