HR 4862
LOAN Act
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Lowering Obstacles to Achievement Now Act (LOAN Act) aims to increase access to financial aid for college students. It proposes doubling the maximum Pell Grant award, improving the Public Service Loan Forgiveness program, and reducing interest rates on student loans. The bill also seeks to address barriers for Dreamers and simplify repayment plans, while eliminating interest capitalization and disclosure requirements.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Cosponsors
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.