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Eliminating Origination Fees on Federal Direct Student Loans.

This bill eliminates the administrative origination fees currently charged when Federal Direct student loans are disbursed. This change ensures that students and graduates receive the full amount they borrow, reducing the overall cost of their educational debt. The elimination applies retroactively to loans disbursed or consolidated on or after March 27, 2022.
Key points
Origination fees on all Federal Direct loans are eliminated.
Borrowers save money by receiving the full loan amount without administrative deductions.
The change is retroactive, applying to loans disbursed or consolidated since March 27, 2022.
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Status:
Expired
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Additional Information
Print number: 118_S_1004
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2023-03-28
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-09-2025
Source data: api.congress.gov
AI work logs for this document launch

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_S_1004.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-28.

What are the main provisions?

Key points include:

  • Origination fees on all Federal Direct loans are eliminated.
  • Borrowers save money by receiving the full loan amount without administrative deductions.
  • The change is retroactive, applying to loans disbursed or consolidated since March 27, 2022.
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 Sen. Braun, Mike [R-IN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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 Economy