Student Loan Tax Elimination Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 5
- Latest action
- Dec 17, 2025
What it does
The Student Loan Tax Elimination Act would eliminate origination fees on Federal Direct student loans by repealing the relevant provision in the Higher Education Act of 1965. This change would affect borrowers taking out new Federal Direct Loans or Federal Direct Consolidation Loans, with the fee removal applying to loans for which the first disbursement occurs—or, for consolidation loans, the application is received—on or after July 1 following the bill’s enactment. The bill aims to reduce the upfront cost of borrowing for higher education by removing what it characterizes as a "tax" on student loans.
AI summary · The lawmakers haven’t published an official summary of this bill yet, so 52 wrote this one from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.