Require standardized disclosures for outcomes-based financing terms and illustrations of how payments vary at different income levels.

Requires clear, standardized disclosures on key terms, including payment calculations, income thresholds, fees, finance charges, payment limits, and agreement duration. Requires providers to illustrate how payment obligations may vary at different income levels.

The bill would require OBF providers to disclose key terms and show payment scenarios at different income levels.

Young, Colleagues Introduce Bill to Support Transformative Financing Tools for Students
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