Sponsors
I'll give you the short version of this bill.
This is not an official government website.
Copyright © 2026 PLEJ LC. All rights reserved.
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Introduced February 27, 2025 by Mike Lee · Last progress February 27, 2025
Creates a single new Federal Direct “simplification” loan program that begins July 1, 2025, limits other federal loan-making authority after September 30, 2028, and phases out many loan-forgiveness options for loans originated on/after July 1, 2025. Expands an alternate Title IV pathway so certain State-accredited schools can be treated as institutions of higher education, requires colleges that take federal aid to publish detailed annual student-, program-, and loan-outcome data, and imposes a new accountability regime that levies annual fines tied to institutions’ outstanding delinquent student loans while allowing counseling and limited offset credits for Pell graduates.
