LOAN Act
Current understanding
The LOAN Act is an introduced bill proposing a multi-part restructuring of federal student aid: expanding Pell Grant eligibility to income-qualified graduate students, reducing the number of qualifying payments required for Public Service Loan Forgiveness (PSLF), extending federal financial aid eligibility to DACA recipients, and repealing the education provisions of the One Big Beautiful Bill Act. For students, it would broaden aid access (including for graduate and DACA students); for borrowers, it would shorten the PSLF path to forgiveness; for institutions, it would unwind OBBBA-era education changes. Status: introduced.
Evidence log
- 2025-04-01 — Savings Opportunity and Affordable Repayment Act: cross-connection with soar-act: Both bills propose statutory alternatives to current IDR/PSLF frameworks in response to the blocked SAVE rule and OBBBA repayment changes. (novelty: 3)
- 2025-05-21 — College for All Act of 2025: cross-connection with college-for-all-act-2025: Both bills would extend federal student aid eligibility to DACA/Dreamer students alongside broader Pell/loan reforms. (novelty: 3)
- 2025-02-27 — Pell Grant Sustainability Act: cross-connection with pell-grant-sustainability-act: Both bills modify Pell Grant scope — HR1666 indexes the maximum award to inflation while the LOAN Act would expand Pell eligibility to income-qualified graduate students. (novelty: 2)
- 2025-08-01 — LOAN Act: cross-connection with higher-ed-earnings-accountability: LOAN Act’s repeal of One Big Beautiful Bill education provisions may intersect with the STATS/earnings-accountability framework tied to Direct Loan eligibility. (novelty: 3)