Student Loan Tax Elimination Act

This bill would end the origination fees charged on Federal Direct student loans by repealing the section of the Higher Education Act of 1965 that sets those fees. The change would apply to Direct loans whose first payment of loan money goes out on or after July 1 following the date the bill becomes law. For Federal Direct Consolidation Loans, it would apply to applications received on or after that July 1 date.

Full text and official record on Congress.gov

Sponsors

• Jim Banks Republican sponsor
• 4 cosponsors