Iowa bill mandates information dissemination on state and federal student loan programs.
The bill requires the Iowa student loan liquidity corporation to provide the bureau of Iowa college aid with estimates of the annual percentage rate (APR) for the federal direct plus loan, along with the assumptions used in the estimate. The corporation must also provide the bureau with the address of its internet site that includes information on possible APRs for college family loans and partnership loans, as well as a chart comparing the terms and conditions of the federal direct plus loan with those of the college family loan and the partnership loan.
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