LOAN Act

United States117th CongressHR-8872House of Representatives
Updated: Sep 15, 2022

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.

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

Latest companion bill action

S-2596: LOAN Act of 2021

Introduced in Senate

  1. Introduced in House

  2. 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.

    House of Representatives

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