A federal study finds the typical Iowa college student graduates with 29-thousand dollars in debt, among the highest rates in the country. Iowa Senator Chuck Grassley is introducing legislation that would boost the amount of information students get before signing on the dotted line for loans they may be trying to pay off for decades.

 

The legislation is designed to help students and their families avoid financial pitfalls, he says, and to get Uncle Sam out of business of encouraging students to take on too much debt.

 

The measure is called the Know Before You Owe Federal Student Loan Act. Grassley says fellow Iowa Republican Joni Ernst is a co-sponsor as is Minnesota Democrat Al Franken.