HR 7810
Lowering Student Loans Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 3:44 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Lowering Student Loans Act, proposes to set the interest rate on new Federal Direct student loans at 2% starting on July 1, 2026. It also outlines a plan to adjust the interest rates on existing student loans, phasing in the 2% rate for both new and consolidated loans over time. The legislation includes provisions for notifying borrowers about these changes and allowing them to opt out if desired. Finally, it addresses FFEL loans to ensure they are eligible for the new interest rate.
Sponsors
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Primary sponsor
Cosponsors
Eleanor Holmes [D-DC-At Large] Norton
James C. [R-GU-At Large] Moylan
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