The five bills include:

The College Transparency Act reforms the college data reporting system to ensure students and families have better information on student success and outcomes as they consider higher education institutions.
The Understanding the True Cost of College Act requires institutions of higher education to use a uniform financial aid letter with clear indications of the types and breakdown of aid included so students and their families can understand and compare financial aid options.
The Informed Student Borrowing Act supports students in meeting their academic needs and budget when deciding to take out loans by offering clear information about the duration of their loan, their expected monthly payment and how much money they likely will earn after attending their school and program of choice.
The Streamlining Accountability and Value in Education for Students Act reduces repayment options for borrowers from nine to two to give students and families clarity about which repayment plan best fits their needs.
The Graduate Opportunity and Affordable Loans Act ends Graduate PLUS loans and puts downward pressure on rising tuition costs by limiting graduate school borrowing. It also allows institutions to set lower loan limits by program to protect students from overborrowing.

Related: Biden's student debt relief plan: Supreme Court hears arguments, casts more doubt

Two of the bills were previously introduced and obtained bipartisan support. A Republican aide said the rest have "nothing partisan about it. It's just good, real solutions trying to address some issues that Americans are having to deal with," but not everyone agrees.

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Senate unveils student loan bill, ahead of Supreme Court ruling on debt forgiveness

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