H.R. 4555

119th CONGRESS 1st Session

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.

IN THE HOUSE OF REPRESENTATIVES · July 21, 2025 · Sponsor: Ms. Underwood · Committee: Committee on Education and Workforce

Table of contents

• H.R. 4555
  • SEC. 1. Short title
  • SEC. 2. Student loan contract and loan disclosures

SEC. 1. Short title

• This Act may be cited as the Student Loan Contract Act of 2025.

SEC. 2. Student loan contract and loan disclosures

• (a) Student loan contract
  • Section 432(m)(1)(D) of the Higher Education Act of 1965 () is amended by adding at the end the following: 20 U.S.C. 1082(m)(1)(D)
    • (iv) Student loan contract
      • 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 shall be referred to as a . student loan contract
      • 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 () is amended by inserting before the period at the end the following: . 20 U.S.C. 1092(l)(2)(B)