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United States · Bill · HR

H.R. 8872 (117th)

LOAN Act

referredUnited States· United States Congress· EN

Introduced

15 September 2022

Last action

Status

Referred to the Committee on Education and Labor, 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

Subjects

Discovery layer

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 by providing funding to increase the maximum Pell Grant award for each eligible student and reducing the number of monthly loan payments required for loan forgiveness under the Public Service Loan Forgiveness (PSLF) program.

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Documents

3 official files

Introduced in House (text)

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Sources

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