H.R. 8872 · 117th Congress
LOAN Act
- Stage
- In committee
- Sponsor
- Frederica Wilson
- Introduced
- 2022-09-15
- Latest action
- 2022-09-15 · Introduced in House
Summary
Lowering Obstacles to Achievement Now Act or the LOAN Act
This bill makes various changes to federal student aid programs, including by providing funding to increase the maximum Pell Grant award for each eligible student and reducing the number of monthly loan payments required for loan forgiveness under the Public Service Loan Forgiveness (PSLF) program.