H.R. 4725 · 117th Congress
No Student Loan Interest Act
- Stage
- In committee
- Sponsor
- Eric Swalwell
- Introduced
- 2021-07-27
- Latest action
- 2021-07-27 · Introduced in House
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.