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6% Interest Cap on Student Loan Refinancing for Servicemembers.

This bill extends financial protection for servicemembers by capping the interest rate at 6% per year on loans taken out during military service, provided they are used to consolidate or refinance student debt incurred before service. This ensures lower monthly payments and greater savings for servicemembers managing educational obligations while on duty. The change aims to reduce the financial burden on those serving in the military.
Key points
Interest rates on consolidation or refinancing loans for pre-service student debt cannot exceed 6% during the period of military service.
The change applies to both federal and private student loans.
The 6% cap takes effect from the date the new consolidation/refinancing loan is incurred, not the date military service began.
article Official text account_balance Process page
Introduced
Citizen Poll
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Additional Information
Print number: 119_HR_6224
Sponsor: Rep. Ramirez, Delia C. [D-IL-3]
Process start date: 2025-11-20
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Servicemember Student Loan Affordability Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6224.

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 2025-11-20.

What are the main provisions?

Key points include:

  • Interest rates on consolidation or refinancing loans for pre-service student debt cannot exceed 6% during the period of military service.
  • The change applies to both federal and private student loans.
  • The 6% cap takes effect from the date the new consolidation/refinancing loan is incurred, not the date military service began.
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. Ramirez, Delia C. [D-IL-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Economic Opportunity.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Benefits Education