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Prohibiting Discrimination in Student Loans Based on College Attended

This bill aims to protect students from discrimination when applying for private educational loans. It means lenders cannot deny loans or offer worse terms simply because someone attended, attends, or plans to attend a specific higher education institution, including minority-serving institutions. Additionally, the bill mandates a study to investigate if such discrimination is occurring.
Key points
Discrimination Ban: Private educational lenders cannot discriminate against applicants based on the higher education institution they attend or plan to attend.
Minority-Serving Institutions Protection: The bill specifically protects students attending minority-serving institutions from discrimination.
Discrimination Study: A study will be conducted to determine if lenders discriminate against applicants from minority-serving institutions.
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Expired
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Additional Information
Print number: 117_HR_6053
Sponsor: Rep. Vela, Filemon [D-TX-34]
Process start date: 2021-11-18
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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

Protect Minority Student Borrowers Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6053.

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 2021-11-18.

What are the main provisions?

Key points include:

  • Discrimination Ban: Private educational lenders cannot discriminate against applicants based on the higher education institution they attend or plan to attend.
  • Minority-Serving Institutions Protection: The bill specifically protects students attending minority-serving institutions from discrimination.
  • Discrimination Study: A study will be conducted to determine if lenders discriminate against applicants from minority-serving institutions.
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. Vela, Filemon [D-TX-34].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

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

CATEGORIES

Education Courts and Law