State-Based Education Loan Awareness Act
Introduced Mar 16, 2026 by Sen. Lisa Murkowski
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
This bill excludes certain arrangements or agreements regarding education loans from the definition of a preferred lender arrangement.
A preferred lender arrangement is an arrangement or agreement between a lender and an institution of higher education (IHE) that receives federal funding or assistance (1) under which a lender issues education loans to students attending the IHE; and (2) that relates to the IHE recommending, promoting, or endorsing the education loan products of the lender.
The bill provides that arrangements or agreements made under a state-based education loan program do not meet the definition of a preferred lender agreement for purposes of certain required disclosures to student borrowers.
Summary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.