Servicemember Student Loan Affordability Act of 2025

This bill changes the Servicemembers Civil Relief Act, which already caps interest at 6 percent per year on debts taken on before military service. It would also apply the 6 percent cap to loans a servicemember (alone or jointly with a spouse) takes out during military service to consolidate or refinance student loans from before their service. The cap would last for the period of military service and would take effect on the date the new consolidation or refinancing loan is taken out. It covers both federal student loans and private education loans, and does not apply to consolidating or refinancing other kinds of debt.

Full text and official record on Congress.gov

Sponsors

• Richard J. Durbin Democrat sponsor
• 5 cosponsors