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State-Based Education Loan Awareness Act

S. 4097 Sen. Lisa Murkowski (R-AK) In committee
Bill text PDF
  1. Introduced Mar 16
  2. Committee Mar 16
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Mar 16, 2026Next: Senate vote
84d ago Aug 4, 2026: Placed on Senate Legislative Calendar under General Orders. Calendar No. 539.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
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Summary

State-Based Education Loan Awareness Act

Full summary3 paragraphs

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.

Library of Congress summary, Mar 16, 2026

Summary versions
  • Introduced in SenateMar 16, 2026

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.