arrow_back Civic Audit
Share share

Zero Interest on Federal Student Loans

This bill aims to eliminate interest on federal student loans. This means students and graduates with such loans will no longer pay additional interest costs, potentially significantly reducing their total debt. These changes are set to take effect on July 1, 2022.
Key points
Starting July 1, 2022, all federal student loans (both new and existing) will have a zero interest rate.
Borrowers with FFEL loans disbursed before July 1, 2010, will also benefit from zero interest on their remaining balance.
This change could lower monthly payments and the total repayment cost for millions of Americans with student debt.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Print number: 117_HR_4725
Sponsor: Rep. Swalwell, Eric [D-CA-15]
Process start date: 2021-07-27
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

No Student Loan Interest Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4725.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-27.

What are the main provisions?

Key points include:

  • Starting July 1, 2022, all federal student loans (both new and existing) will have a zero interest rate.
  • Borrowers with FFEL loans disbursed before July 1, 2010, will also benefit from zero interest on their remaining balance.
  • This change could lower monthly payments and the total repayment cost for millions of Americans with student debt.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Swalwell, Eric [D-CA-15].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Labor.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Education Benefits Economy