Student Loan Interest Elimination Act

Hozzl · 2026-04-16T04:53:27Z

Explore the details of House Bill 8045 Student Loan Interest Elimination Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

4/16/2026, 4:53 AM

Summary of Bill HR 8045

The bill titled "To amend the Higher Education Act of 1965" was introduced in the 119th Congress as H.R. 8045 on March 24, 2026. Its aim is to eliminate interest on student loans, establish the Education Affordability Trust Fund, and increase both annual and aggregate loan limits under the Act.

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Current Status of Bill HR 8045

Bill HR 8045 is currently in the status of Bill Introduced since March 24, 2026. Bill HR 8045 was introduced during Congress 119 and was introduced to the House on March 24, 2026. Bill HR 8045's most recent activity was Referred to the Committee on Education and Workforce, 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. as of March 24, 2026

Bipartisan Support of Bill HR 8045

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 8045

Primary Policy Focus

Alternate Title(s) of Bill HR 8045

To amend the Higher Education Act of 1965 to eliminate interest on student loans, establish the Education Affordability Trust Fund, increase annual and aggregate loan limits, and for other purposes.

Comments

Ayla Boykin

41,213

1 day ago

Not sure about this bill. Short term effects unclear.

Sponsors and Cosponsors of HR 8045

Joe Courtney

ConnecticutDemocrat

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