Ends interest on federal student loans for millions of Americans, both for existing and new loans.
This bill would stop interest from growing on most federal student loans, both old and new, starting July 1, 2026. It would also create a new trust fund to manage loan repayments and potentially boost Pell Grants. Student loan limits would also be adjusted for inflation.
Today, federal student loans typically accrue interest, causing balances to grow over time. After this bill, most federal student loans, both existing and new, would have a 0% interest rate. A new trust fund would also be created to manage loan repayments and potentially provide additional funding for student aid programs.
HR 8045 · 119th Congress · March 24, 2026 · AI Summary by gemini-2.5-flash · 9/10
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