HR 8872 United States House · 117th Congress

LOAN Act

Summary

Lowering Obstacles to Achievement Now Act or the LOAN Act This bill makes various changes to federal student aid programs, including by providing funding to increase the maximum Pell Grant award for each eligible student and reducing the number of monthly loan payments required for loan forgiveness under the Public Service Loan Forgiveness (PSLF) program.

Issues: ✓ Education

Bill status in committee 1 of 4 stages cleared

Introduction

Sep 2022

Committee Review

Floor Vote

President

Introduced Sep 15, 2022 Last action Sep 15, 2022

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Sep 15, 2022

Committee

Referred to the Committee on Education and Labor, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

lower

Sep 15, 2022

Introduced

Introduced in House

lower

1 primary · 31 co-sponsors