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Financial Education Portal for Students and Borrowers

This act aims to create an online financial education portal for individuals receiving federal student aid. The portal will help citizens better manage their finances, including student loan repayment, savings, and retirement planning, potentially reducing debt risk and improving financial stability.
Key points
A centralized online portal will be created, offering personal finance information for students and borrowers.
The portal will include advice on saving, investing, budgeting, managing student loans, and debt forgiveness options.
Information will be presented in an accessible format, including video, to simplify complex financial topics.
The goal is to reduce student debt issues and improve overall financial literacy among citizens.
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Expired
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Additional Information
Print number: 117_HR_5779
Sponsor: Rep. Leger Fernandez, Teresa [D-NM-3]
Process start date: 2021-10-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Financial Fitness Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5779.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-10-28.

What are the main provisions?

Key points include:

  • A centralized online portal will be created, offering personal finance information for students and borrowers.
  • The portal will include advice on saving, investing, budgeting, managing student loans, and debt forgiveness options.
  • Information will be presented in an accessible format, including video, to simplify complex financial topics.
  • The goal is to reduce student debt issues and improve overall financial literacy among citizens.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Leger Fernandez, Teresa [D-NM-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Labor.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Education Economy