HR 4725
117th Congress
House
Education
No Student Loan Interest Act
Introduced: July 27, 2021
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2021
Referred to the House Committee on Education and Labor.
Jul 27, 2021
Introduced in House
Plain-English summary
No Student Loan Interest Act
This bill provides for zero-interest rates on certain federal student loans.
Specifically, the bill sets the interest rate at 0% for (1) existing loans made under the Federal Family Education Loan Program or the Federal Direct Loan Program, and (2) new loans made under the Federal Direct Loan Program.
What's happening now
Referred to the House Committee on Education and Labor.
Committees of jurisdiction
1