HELP FEDs Act

This bill would protect federal employees who miss scheduled pay because of a government shutdown from penalties on their federal student loans. During such a pay disruption, they could not be charged late fees or penalties for missed payments, and no extra interest would build up on those loans. The Secretary of Education would work with loan servicers and credit reporting agencies so missed or late payments are not reported against these employees' credit. The rules would apply back to pay disruptions on or after October 1, 2025, and the bill states that borrowers would still owe the full loan amount.

Full text and official record on Congress.gov

Sponsors

• Jasmine Crockett Democrat sponsor
• 15 cosponsors