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

This bill requires Iowa's student loan corporation to provide the state's college aid bureau with specific information about federal and state student loan rates and terms. The bureau must then verify this data, compare rates, and if Iowa's state loans (College Family Loan and Partnership Loan) offer lower rates than federal PLUS loans, publish a clear online statement. This statement must be included in all financial aid offers sent to Iowa students by colleges, explaining when state loans may be a lower-cost option. The bill directly affects Iowa students, colleges, and the state's student loan programs by standardizing loan comparison information.