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, amends the Higher Education Act of 1965 to eliminate origination fees on Federal Direct loans. Origination fees are charges imposed on student borrowers when they take out these federal loans. The bill repeals the provision that allowed for these fees, and the changes made by the bill apply to loans disbursed or consolidated on or after March 27, 2022, effectively eliminating this additional cost for new federal student loan borrowers.
Committee Categories
Education
Sponsors (3)
Last Action
Referred to the House Committee on Education and the Workforce. (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/house-bill/1842/all-info |
| BillText | https://www.congress.gov/118/bills/hr1842/BILLS-118hr1842ih.pdf |
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