Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- S.2596
S.2596: Leveraging Opportunities for Americans Now Act of 2021
About This Bill
- Introduced Aug. 4, 2021
- Latest Major Action Aug. 4, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - Aug. 4, 2021
Bill Summary
Leveraging Opportunities for Americans Now Act of 2021 or the LOAN Act of 2021 This bill revises interest rates and repayment plans for federal student loans. Specifically, the bill directs the Department of Education (ED) to set the interest rate on federal student loans made on or after July 1, 2022, at 0% and replace the interest with a one-time financing fee. Further, the bill permits ED to credit or refund borrowers who pay the balance of...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Aug. 4, 2021 |
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
|
| Aug. 4, 2021 |
Introduced in the Senate by Marco Rubio (R-Fla.) |