S. 4097 Congress 119 session
State-Based Education Loan Awareness Act
State-Based Education Loan Awareness Act 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.
Status
- Introduced
- Committee
- Floor vote
- Passed
- Enacted
Awaiting a floor vote — last recorded action August 4, 2026
Placed on Senate Legislative Calendar under General Orders. Calendar No. 539.
Passage likelihood
36% Comparable to other bills at this stage
This is an estimate, not a guarantee. It is computed from the signals listed below and nothing else. It does not account for leadership priorities, floor scheduling, or negotiations that are not in the public record.
What the estimate is based on
- Historical base rate About 4% of introduced federal bills are enacted.
- Current stage Scheduled for or awaiting a floor vote.
- Cosponsors 6 cosponsors.
- Bipartisan cosponsorship Cosponsors come from 2 parties.
State-level impact
State-level impact data is not available for this bill. The source text does not contain a per-state funding formula or scored breakdown, so no figures are shown.
Official actions
- Placed on Senate Legislative Calendar under General Orders. Calendar No. 539.
- Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
- Committee on Health, Education, Labor, and Pensions. Reported by Senator Cassidy with an amendment in the nature of a substitute. Without written report.
- Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.
- Committee on Health, Education, Labor, and Pensions. Hearings held.
- Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- Introduced in Senate