Ends fees on federal student loans for new borrowers
This bill would end the fees charged when people take out federal student loans. If it becomes law, students and other borrowers would not pay these upfront fees on new Federal Direct loans. This would also apply to consolidation loans, starting July 1 after the bill is signed. It means borrowers would get the full amount of the loan they apply for.
Today, people who take out Federal Direct student loans are charged an "origination fee" that is taken from the loan amount. If this bill becomes law, these fees would be eliminated for new Federal Direct loans and Federal Direct Consolidation Loans. This means borrowers would receive the full loan amount they applied for, without an upfront deduction, for loans made on or after July 1 following the bill's enactment.
HR 3165 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.