LOAN Act
U.S. Congress · HR4862 ·
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Timing in context
Primary sponsor's contributions received (same period)
Adjacency in time is shown for context; it is not evidence of cause. Funded ≠ false — see the methodology.
What the bill says
Introduced 2025-08-01. Latest action: Referred to the Committee on Education and Workforce, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Summary (plain-language)
Lowering Obstacles to Achievement Now Act or the LOAN Act This bill revises federal student aid programs, including the Federal Pell Grant program and the Public Service Loan Forgiveness (PSLF) program. It also repeals the education provisions that were enacted under P.L. 119-21 (commonly known as the One Big Beautiful Bill Act). Among other provisions, the bill revises the Federal Pell Grant program by (1) providing funding to increase the maximum award for each eligible student, and (2) allowing income-eligible graduate students to utilize their remaining Pell Grant eligibility toward their first graduate degree. Changes to the PSLF program include (1) reducing the number of monthly loan payments required for loan forgiveness, and (2) removing the requirement that a borrower must be employed in a public service job at the time of forgiveness. The bill makes Dreamer students (i.e., students who have been granted Deferred Action for Childhood Arrivals status and who entered the United States before the age of 18) who meet certain educational criteria eligible for federal financial aid. The bill also (1) establishes refinancing programs for federal and private student loans; (2) creates a new income-driven repayment plan; and (3) repeals origination fees for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans. The bill repeals the education provisions that were enacted under P.L. 119-21. For example, the act addressed the amount of federal financial aid available to students by changing the mix and availability of student loans. (For more information, see CRS Report R48727 .)
Sponsors
- Robert C. "Bobby" Scott (primary)
- Alma S. Adams
- Yassamin Ansari
- Suzanne Bonamici
- André Carson
- Judy Chu
- Joaquin Castro
- Danny K. Davis
- Mark DeSaulnier
- Dwight Evans
- Cleo Fields
- Shomari Figures
- Al Green
- John Garamendi
- Adelita S. Grijalva
- Timothy M. Kennedy
- Stephen F. Lynch
- Gwen Moore
- Jennifer L. McClellan
- Eleanor Holmes Norton
- Suhas Subramanyam
- Lateefah Simon
- Paul Tonko
- Shri Thanedar
- Lauren Underwood
- Nikema Williams
- Frederica S. Wilson
- James R. Walkinshaw
Text versions
- Introduced in House — 2025-08-01 — XML
What analysts say
No nonpartisan analysis on file for this measure yet.
What politicians say
No linked claims or utterances yet — no one on record has cited this measure to justify a public argument.
Action History
| Date | Action |
|---|---|
| 2025-08-01 | Introduced in House |
| 2025-08-01 | Referred to the Committee on Education and Workforce, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |