Providing for the consideration of the bill (H.R. 2003) to amend...
Providing for the consideration of the bill (H.R. 2003) to amend the Higher Education Act of 1965 to lower the interest rate on Federal student loans to 2 percent.
This bill, HR1386, proposes to amend the Higher Education Act of 1965 by reducing the interest rate on federal student loans to 2 percent. The goal is to make student loans more affordable for those who have taken them out. The bill was introduced on June 24, 2026, and is currently in its initial stages of being referred to the House Committee on Rules for further consideration.
If passed, this bill would primarily benefit current and future students who have federal student loans. Lowering the interest rate would reduce the amount of interest they accrue over time, making it easier for them to repay their loans. This change could also make higher education more accessible by alleviating some of the financial burdens associated with student loans.
As of the last update on June 24, 2026, the bill has been submitted in the House and referred to the House Committee on Rules. No further actions have been recorded yet, so the bill is still in the early stages of the legislative process.
