summary
Introduced
03/18/2021
03/18/2021
In Committee
03/18/2021
03/18/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Higher Education Act of 1965 to eliminate origination fees on Federal Direct loans.
AI Summary
This bill, the Student Loan Tax Elimination Act, aims to amend the Higher Education Act of 1965 to eliminate origination fees on Federal Direct loans. Specifically, the bill repeals the provision that allows the government to charge origination fees on these student loans. The amendment will apply to loans made on or after March 27, 2020, when the government initially waived these fees during the COVID-19 pandemic. The goal is to provide relief for student borrowers by permanently removing this additional cost associated with taking out federal student loans.
Committee Categories
Health and Social Services
Sponsors (7)
Mike Braun (R)*,
Chris Coons (D),
Josh Hawley (R),
Kyrsten Sinema (I),
Chris Van Hollen (D),
Raphael Warnock (D),
Elizabeth Warren (D),
Last Action
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (on 03/18/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/847/all-info |
| BillText | https://www.congress.gov/117/bills/s847/BILLS-117s847is.pdf |
| Bill | https://www.congress.gov/117/bills/s847/BILLS-117s847is.pdf.pdf |
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