This bill would lower the interest rate on new federal student loans to 2 percent starting in 2026, making it cheaper for students to borrow money for their education.
If you plan to take out a federal student loan after July 1, 2026, your interest rate could be just 2 percent.
Who this affects
Students · Families
What changes is this bill making?
1This bill sets the interest rate for federal student loans at 2 percent.
2It applies to loans made on or after July 1, 2026.
3The bill aims to make student loans more affordable for borrowers.
4It changes how interest rates are calculated for new federal loans.
5This could help reduce the overall cost of education for students.
