Student Loan Tax Elimination Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 5
- Latest action
- May 1, 2025
What it does
The Student Loan Tax Elimination Act would amend the Higher Education Act of 1965 to eliminate origination fees on Federal Direct loans by repealing the provision that authorizes such fees. This change would apply to loans with a first disbursement made on or after July 1 following the enactment of the bill, including Federal Direct Consolidation Loans for which an application is received on or after that date. The bill affects borrowers taking out new federal student loans under Part D of Title IV of the Higher Education Act, removing a cost that is currently deducted from loan disbursements. By eliminating these fees, the bill aims to reduce the upfront cost of borrowing for students and…
No official summary is available here. This one was written by AI 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.