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Congress·In Committee·H.Res. 883

Student Loans: Setting Rules for a Vote on 2% Interest Rates

Providing for consideration of the bill (H.R. 2003) to amend the Higher Education Act of 1965 to lower the interest rate on Federal student loans to 2 percent.

4 months ago·View on Congress.gov

Legislative Progress

House
Senate
President
Law

Key Points

  • Rep. Luna introduced a procedural resolution to bring a student loan bill to the House floor for a vote. The main bill, H.R. 2003, proposes lowering the interest rate on all federal student loans to a flat 2%.
  • This resolution acts as a "rule" for the debate. It allows for one hour of discussion, split evenly between supporters and opponents, and prevents certain technical delays from stopping the vote.
  • If the underlying bill eventually becomes law, it would significantly lower monthly payments for millions of Americans. Currently, federal student loan rates are often between 5% and 9%, depending on the type of loan and when it was taken out.
  • Because this is a procedural move, it does not change the law yet. It is a necessary step that lawmakers use to manage the House schedule and ensure that major topics like student debt get a clear "yes" or "no" vote.

Milestones

1 milestone2 actions
Nov 17, 2025House

Referred to the House Committee on Rules.

Nov 17, 2025

Submitted in House

Source Information

Document Type

Congressional Bill

Official Title

Providing for consideration of the bill (H.R. 2003) to amend the Higher Education Act of 1965 to lower the interest rate on Federal student loans to 2 percent.

Bill NumberHRES 883
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the House Committee on Rules.

Sponsor

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