Student Loan Tax Elimination Act

This bill repeals upfront origination fees for new Federal Direct student loans. It directly affects borrowers who take out these loans after March 27, 2022, by eliminating the initial fee charged when the loan is issued. The key provision removes section 455(c) of the Higher Education Act, which previously required these fees for loans under part D of title IV. The change applies to all new direct loans disbursed or consolidation applications received on or after the effective date, meaning borrowers no longer pay this specific fee.