Servicemembers would get a 6% interest rate cap on student loans they refinance while serving.
Currently, servicemembers can cap interest rates at 6% on debts they had before joining the military. This bill would extend that 6% cap to student loans they refinance or consolidate while in service, as long as the original loans were taken out before they joined. This means many military members and their spouses could see lower monthly payments on these specific student loans.
Today, servicemembers can cap interest rates at 6 percent on debts they had before joining the military. After this bill, servicemembers would also be able to cap interest rates at 6 percent on new loans they take out during military service specifically to consolidate or refinance student loans they had before joining.
HR 6224 · 119th Congress · November 20, 2025 · AI Summary by gemini-2.5-flash · 9/10
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2 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.