Affordable Loans for Students Act

Introduced Mar 10, 2025Latest action Mar 10, 2025Education

Plain-English summary

Affordable Loans for Students Act This bill sets the interest rate at 2% for new and existing federal student loans. (Currently, interest rates on federal student loans range from 6. 53% to 9. 08%, depending on the loan type.

Deterministically condensed from the official CRS summary; verify details in the official record.

People and recorded decisions

Sponsors, Cosponsors & House Votes

Anna Paulina Luna

Cosponsor · Republican · FL

Michael Lawler

Sponsor · Republican · NY

Jared Moskowitz

Cosponsor · Democratic · FL

Shomari Figures

Cosponsor · Democratic · AL

Mariannette Jane Miller-Meeks

Cosponsor · Republican · IA

Jeff Mr Van Drew

Cosponsor · Republican · NJ

No linked House roll-call vote is available yet. Senate votes are not currently synchronized.

Official Subjects

EducationStudent aid and college costsGovernment lending and loan guaranteesHigher educationCongressional oversightInterest, dividends, interest rates

Sources & text

Official Congress.gov record ↗Introduced in House ↗Introduced in House ↗Introduced in House ↗

Congress.gov data last updated Sep 1, 2026. Automated summaries preserve a source version and generation timestamp; human edits are explicitly recorded.