To provide for the relief of interest on certain Federal student loans.
No Student Loan Interest Act
This bill provides for zero-interest rates on certain federal student loans.
Specifically, the bill sets the interest rate at 0% for (1) existing loans made under the Federal Family Education Loan Program or the Federal Direct Loan Program, and (2) new loans made under the Federal Direct Loan Program.
Introduced in House
Introduced in House
Referred to the House Committee on Education and Labor.
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