A bill for an act concerning information regarding certain state and federal student loan programs.

HF 703, the "Increasing Student Financial Aid Awareness Act," requires Iowa's Student Loan Liquidity Corporation to provide the Bureau of Iowa College Aid with annual estimates of federal direct PLUS loan interest rates and comparisons between state and federal loan terms. The Bureau must analyze this data to determine if Iowa's college family or partnership loans offer lower interest rates than federal PLUS loans. If they do, the Bureau must publish a clear online statement explaining this difference and require all Iowa colleges to include this information in financial aid offers to students. This bill directly affects Iowa students, families, and higher education institutions by improving transparency around loan options and ensuring they receive standardized comparisons of state and federal student loan rates.