arrow_back Back to App

Federal Student Loan Interest Rate Cut to 2 Percent

This proposed bill aims to significantly reduce the cost of higher education for millions of Americans. If passed, the interest rate on all Federal student loans would be fixed at 2 percent. This change means lower monthly payments and reduced overall debt burden for individuals repaying their education loans.
Key points
Interest rates on Federal student loans would be lowered to 2%, drastically reducing the total cost of debt repayment.
The change applies to all Federal student loans, providing financial relief to graduates and current students.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HRES_883
Sponsor: Rep. Luna, Anna Paulina [R-FL-13]
Process start date: 2025-11-17
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Providing for consideration of the bill (H.R. 2003) to amend the Higher Education Act of 1965 to lower the interest rate on Federal student loans to 2 percent.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HRES_883.

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 2025-11-17.

What are the main provisions?

Key points include:

  • Interest rates on Federal student loans would be lowered to 2%, drastically reducing the total cost of debt repayment.
  • The change applies to all Federal student loans, providing financial relief to graduates and current students.
What is the specific legal status?

The current status is Introduced.

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. Luna, Anna Paulina [R-FL-13].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Rules.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Education Economy