Providing for the 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.
Bill Summary
Lowers the interest rate on Federal student loans to 2 percent. This change would apply to loans under the Higher Education Act of 1965.
Sponsored By
Bill Journey
- Jun 24, 2026
- Jun 24, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill would affect students with Federal student loans, reducing the amount of interest they owe on their loans. It would also impact the government, as it would potentially reduce the revenue generated from student loan interest.
Impact Areas
Support & Opposition
- Republican1
Documents
1
Full text opens on congress.gov, the official source.
Bill Details
- Economy
- 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.