Student Loan Tax Elimination Act

S. 1004 · 118th Congress · Mar 28, 2023 · Lineage

A BILL

To amend the Higher Education Act of 1965 to eliminate origination fees on Federal Direct loans.

Section 1 Short title

This Act may be cited as the “Student Loan Tax Elimination Act ”.

Sec. 2 Elimination of origination fees on Federal Direct loans

(a)

Repeal of origination fees— Subsection (c) of section 455 of the Higher Education Act of 1965 (20 U.S.C. 1087e(c)) is repealed.

(b)

Effective date— The amendment made by subsection (a) shall apply with respect to loans made under part D of title IV of the Higher Education Act of 1965 (20 U.S.C. 1087a et seq.) for which the first disbursement of principal is made, or, in the case of a Federal Direct Consolidation Loan, the application is received, on or after March 27, 2022.

Lineage

Mar 28, 2023viewing Introduced in Senate Mr. Braun (for himself, Ms. Sinema, Ms. Warren, Mr. Hawley, Mr. Van Hollen, Mr. Coons, Mr. Kaine, and Mr. Menendez) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions

Student Loan Tax Elimination Act

Section 1 Short title

Sec. 2 Elimination of origination fees on Federal Direct loans

Cite this provision

Incoming references