This Act may be cited as the Student Transparency for Understanding Decisions in Education Net Terms Act or the STUDENT Act.

Section 455(p) of the Higher Education Act of 1965 (20 U.S.C. 1087e(p)U.S. Code — Title 20, Section 1087e(p)View official source on GovInfo) is amended— (1) by striking shall, with respect to loans and inserting the following: “shall— (1) with respect to loans; (2) by striking part B. and inserting part B; and; and (3) by adding at the end the following: (2) include in the disclosure required under section 433(a) the total amount of interest that would be paid over the life of the loan, using the standard repayment plan applicable based on the total outstanding principal of all loans of the borrower..