United States · Bill · HR
H.R. 1731 (118th)
LOAN Act
Introduced
22 March 2023
Last action
22 March 2023 · Introduced
Status
Referred to the Committee on Education and the Workforce, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sponsors
Rep. Wilson, Frederica S. [D-FL-24], Rep. McBath, Lucy [D-GA-6], Rep. Courtney, Joe [D-CT-2], Del. Sablan, Gregorio Kilili Camacho [D-MP-At Large], Rep. Bonamici, Suzanne [D-OR-1], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Adams, Alma S. [D-NC-12], Rep. Takano, Mark [D-CA-39], Rep. Tokuda, Jill N. [D-HI-2], Rep. Trahan, Lori [D-MA-3]
Subjects
Education
Source updated
21 July 2025
Summary
Lowering Obstacles to Achievement Now Act or the LOAN Act This bill makes various changes to federal student aid programs, including the Federal Pell Grant program and the Public Service Loan Forgiveness (PSLF) program. Specifically, the bill revises the Federal Pell Grant program by providing funding to increase the maximum Pell Grant award for each eligible student, requiring the award amount to be adjusted for inflation, allowing students who receive means-tested federal benefits (e.g., Medicaid) to automatically qualify for the maximum Pell Grant award plus an additional award amount, raising from 12 to 18 the total number of semesters during which a student may receive a Pell Grant, and allowing income-eligible graduate students who received Pell Grants during their undergraduate education to utilize their remaining Pell Grant eligibility toward their first graduate degree. Additionally, the bill revises the PSLF program by reducing the number of monthly loan payments required for loan forgiveness, and removing the requirement that a borrower must be employed in a public service job at the time of loan forgiveness. The bill makes Dreamer students (i.e., students who have been granted Deferred Action for Childhood Arrivals status) who entered the United States before the age of 18 and who meet certain educational criteria eligible for federal financial aid. The bill also (1) establishes refinancing programs for federal student loans and private student loans; and (2) repeals origination fees for Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
22 March 2023
Introduced
Referred to the Committee on Education and the Workforce, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Source: IntroReferral
22 March 2023
Introduced
Introduced in House
Source: IntroReferral
22 March 2023
Introduced
Introduced in House
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in House · 22 March 2023 · Download file
Documents
3 official files
Introduced in House (text)
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Introduced in House (text)
Introduced in House · EN · 22 March 2023
Introduced in House (PDF)
Introduced in House · EN · 22 March 2023
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Introduced in House
summary · EN · 22 March 2023
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Sponsors
- Rep. Wilson, Frederica S. [D-FL-24] · D · Sponsor
- Rep. McBath, Lucy [D-GA-6] · D · Sponsor
- Rep. Courtney, Joe [D-CT-2] · D · Sponsor
- Del. Sablan, Gregorio Kilili Camacho [D-MP-At Large] · D · Sponsor
- Rep. Bonamici, Suzanne [D-OR-1] · D · Sponsor
- Rep. Grijalva, Raúl M. [D-AZ-7] · D · Sponsor
- Rep. Adams, Alma S. [D-NC-12] · D · Sponsor
- Rep. Takano, Mark [D-CA-39] · D · Sponsor
- Rep. Tokuda, Jill N. [D-HI-2] · D · Cosponsor
- Rep. Trahan, Lori [D-MA-3] · D · Cosponsor
- · hsbu00 · Standing
- · hsed00 · Standing
Related records
- related to ← Teacher Debt Relief Act
- related to ← Teacher Debt Relief Act
- related to ← LOAN Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/118th-congress/house-bill/1731
- Open data entity: https://api.congress.gov/v3/bill/118/hr/1731
- us · 118-hr-1731 · source updated 21 July 2025