119th Congress Education
H.R. 4862: LOAN Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill revises federal student aid programs, including the Federal Pell Grant program and the Public Service Loan Forgiveness (PSLF) program. It also repeals the education provisions that were enacted under P.L. 119-21 (commonly known as the One Big Beautiful Bill Act).
Among other provisions, the bill revises the Federal Pell Grant program by (1) providing funding to increase the maximum award for each eligible student, and (2) allowing income-eligible graduate students to utilize their remaining Pell Grant eligibility toward their first graduate degree.
Changes to the PSLF program include (1) reducing the number of monthly loan payments required for loan forgiveness, and (2) removing the requirement that a borrower must be employed in a public service job at the time of forgiveness.
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The bill makes Dreamer students (i.e., students who have been granted Deferred Action for Childhood Arrivals status and who entered the United States before the age of 18) who meet certain educational criteria eligible for federal financial aid.
The bill also (1) establishes refinancing programs for federal and private student loans; (2) creates a new income-driven repayment plan; and (3) repeals origination fees for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans.
The bill repeals the education provisions that were enacted under P.L. 119-21. For example, the act addressed the amount of federal financial aid available to students by changing the mix and availability of student loans. (For more information, see CRS Report R48727.)
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Gwen Moore D-WIOriginal
- Suhas Subramanyam D-VAOriginal
- Shri Thanedar D-MIOriginal
- Lauren Underwood D-ILOriginal
- André Carson D-IN
- Jennifer McClellan D-VA
- Yassamin Ansari D-AZ
- Suzanne Bonamici D-OR
- Joaquin Castro D-TX
- Danny Davis D-IL
- Cleo Fields D-LA
- John Garamendi D-CA
- Eleanor Norton D-DC
- Paul Tonko D-NY
- Nikema Williams D-GA
- Frederica Wilson D-FL
- Timothy Kennedy D-NY
- Dwight Evans D-PA
- Judy Chu D-CA
- Adelita Grijalva D-AZ
- James Walkinshaw D-VA
- Alma Adams D-NC
- Al Green D-TX
- Lateefah Simon D-CA
- Stephen Lynch D-MA
- Mark DeSaulnier D-CA
- Shomari Figures D-AL
Who scored on this bill
- 1Robert Scott SponsorIntroduced, reached a cosponsor milestone2 events+6
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Other bills by Robert Scott
History
- Introduced in the House by Robert Scott.
Show the full action history (2 actions)
- Introduced in House
- Referred to the Committee on Education and Workforce, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.