summary
Introduced
03/28/2023
03/28/2023
In Committee
03/28/2023
03/28/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th 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, proposes to amend the Higher Education Act of 1965 to eliminate origination fees on Federal Direct loans. Origination fees are charges that borrowers pay when they take out a federal student loan. The bill would remove these fees, which can add hundreds of dollars to the cost of a loan, starting for loans disbursed or consolidated on or after March 27, 2022.
Committee Categories
Health and Social Services
Sponsors (10)
Mike Braun (R)*,
Cory Booker (D),
Chris Coons (D),
Josh Hawley (R),
Tim Kaine (D),
Bob Menendez (D),
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 03/28/2023)
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/118th-congress/senate-bill/1004/all-info |
| BillText | https://www.congress.gov/118/bills/s1004/BILLS-118s1004is.pdf |
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