Lowering Student Loans Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 3
- Latest action
- Mar 4, 2026
What it does
The Lowering Student Loans Act would set a fixed 2 percent interest rate for most federal student loans first disbursed on or after July 1, 2026, and would also reduce the interest rate to 2 percent for existing federal loans with higher rates, beginning on that date. Borrowers would receive notice at least 90 days before the change and could opt out of the rate adjustment. The bill applies to Federal Direct Stafford, Unsubsidized Stafford, PLUS, and Consolidation Loans, and includes provisions for notifying loan servicers and establishing a complaint process for errors related to the rate changes.
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.