I 
116TH CONGRESS 
1ST SESSION H. R. 3095 
To amend the Higher Education Act of 1965 to direct the Secretary of 
Education to provide each borrower with an individualized repayment guide. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 4, 2019 
Mr. SWALWELL of California (for himself, Mr. MOULTON, Mrs. NAPOLITANO, 
Ms. NORTON, Mr. BRENDAN F. BOYLE of Pennsylvania, and Mr. KIL-
MER) introduced the following bill; which was referred to the Committee 
on Education and Labor 
A BILL 
To amend the Higher Education Act of 1965 to direct the 
Secretary of Education to provide each borrower with 
an individualized repayment guide. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Know Your Repayment 
Options Act’’. 
SEC. 2. INDIVIDUALIZED REPAYMENT PLAN GUIDE. 
(a) EXIT COUNSELING.—Section 485(b)(1)(A)(i) of 
the Higher Education Act of 1965 (20 U.S.C. 
1092(b)(1)(A)(i)) is amended by inserting, ‘‘or, if avail-
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able, the information described in subsection (n)(1),’’ after 
‘‘monthly payments,’’. 
(b) INDIVIDUALIZED REPAYMENT PLAN GUIDE.— 
Section 485 of the Higher Education Act of 1965 (20 
U.S.C. 1092) is amended by adding at the end the fol-
lowing: 
‘‘(n) INDIVIDUALIZED REPAYMENT PLAN GUIDE.— 
Beginning 1 year after a borrower receives exit counseling 
under subsection (b), and annually thereafter until the 
borrower has repaid each loan of the borrower that is 
made, insured, or guaranteed under part B (other than 
loans made pursuant to section 428C or loans under sec-
tion 428B made on behalf of a student) or made under 
part D (other than Federal Direct Consolidation Loans 
or Federal Direct PLUS Loans made on behalf of a stu-
dent), the Secretary shall— 
‘‘(1) provide the borrower (based on the bor-
rower’s annual income and the outstanding balance 
of principal and interest due on all such loans), for 
each repayment plan available for such loans— 
‘‘(A) the average anticipated monthly pay-
ment amount; 
‘‘(B) the yearly payment amount; 
‘‘(C) the lifetime payment amount; 
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‘‘(D) the number of months remaining to 
pay off the loans; 
‘‘(E) the amount of the loans that have 
been forgiven; 
‘‘(F) a link to the place on the Web site 
of the Department that allows borrowers to 
change repayment plans or provides information 
about changing such plans; and 
‘‘(G) any other information the Secretary 
determines may be helpful to the borrower in 
determining which repayment payment plan the 
borrower should choose; 
‘‘(2) establish procedures for annual verification 
of the borrower’s annual income and the outstanding 
balance of principal and interest due on all such 
loans, and such other procedures as are necessary to 
effectively provide the information under paragraph 
(1), including procedures that allow the borrower to 
consent to the sharing of such data between the In-
ternal Revenue Service and the Department for the 
entire period the borrower is provided the informa-
tion under paragraph (1), in a manner that is as 
least burdensome as practical to the borrower; and 
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‘‘(3) enable the borrower, at any time, to opt 
out of being provided the information under para-
graph (1) on an annual basis.’’. 
Æ 
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