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BillHR 8045 · 119

Student Loan Interest Elimination Act

Introduced
Mar 24, 2026
Cosponsors
5
Traction
0
Last Action
Mar 24, 2026

Bill Summary

Eliminates interest on student loans. Requires the government to pay the interest on certain student loans instead of the borrower.

Sponsored By

Joe Courtney
Democrat · Connecticut · House

Bill Journey

  1. Mar 24, 2026
  3. Mar 24, 2026You Are Here

    The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.

  4. TBD

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  5. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

This bill affects students and borrowers with outstanding student loans, potentially saving them money on interest payments. It could also impact the federal budget, as the government would take on the cost of paying the interest.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
5backers
  • Democratic5
Cross-party cosponsors0 · 0%

Documents

1

Full text opens on congress.gov, the official source.

Cosponsors (5)

1 more not shown here — see the full list on congress.gov.

Bill Details

Bill TypeHouse Bill · Federal
Primary TopicEducation
CommitteeCommittee on Education and Workforce
IntroducedMar 24, 2026
Last UpdatedMar 24, 2026
Latest ActionReferred 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.
Subjects
  • Education

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.