Rep. Courtney Introduces Bill to Eliminate Interest on All Federal Student Loans
This bill is currently in the early stages of the legislative process and is being reviewed by two House committees. It is actively moving forward as it waits for these committees to study the proposal. There are no upcoming votes scheduled at this time.
Part of: story →Companion bill: Sen. Welch Introduces the Student Loan Interest Elimination Act →While popular with many borrowers, this bill faces strong opposition from those concerned about the federal budget and the cost of losing interest income.
Small business owners who still carry federal student loan debt would benefit from zero-interest modifications. Freed-up monthly cash flow from lower effective payments could be redirected into their businesses. This is especially meaningful for younger entrepreneurs who took on significant education debt.
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.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
No votes have been recorded for this legislation yet.
No related news coverage found for this legislation yet.
Document Type
Congressional Bill
Official Title
Student Loan Interest Elimination Act
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