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Elimination of Federal Student Loan Origination Fees

This act removes the upfront fees students had to pay when taking out federal student loans. This means individuals applying for these loans will face lower initial costs, potentially leading to less overall debt. The changes apply to loans disbursed or applications received on or after March 27, 2022.
Key points
No more upfront fees for federal student loans.
Lower costs for students and those consolidating their loans.
Changes are effective for loans from March 27, 2022, onwards.
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Expired
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Additional Information
Print number: 118_HR_1842
Sponsor: Rep. Smucker, Lloyd [R-PA-11]
Process start date: 2023-03-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Student Loan Tax Elimination Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1842.

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 2023-03-28.

What are the main provisions?

Key points include:

  • No more upfront fees for federal student loans.
  • Lower costs for students and those consolidating their loans.
  • Changes are effective for loans from March 27, 2022, onwards.
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. Smucker, Lloyd [R-PA-11].

What is the latest detailed status?

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

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Education