# 117-hr-8872: LOAN Act

117-hr-8872, LOAN Act, is a 117th Congress bill sponsored by Rep. Wilson, Frederica S. [D-FL-24] (D-FL); status 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. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-8872
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-8872
- Congress: 117
- Title: LOAN Act
- Status: 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.
- Introduced: 2022-09-15
- Sponsor: Rep. Wilson, Frederica S. [D-FL-24] (D-FL)
- Cosponsors: 31
- Policy area: Education
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (31)

- Rep. Scott, Robert C. "Bobby" [D-VA-3] (D-VA), 2022-09-15T00:00:00.000Z
- Rep. Adams, Alma S. [D-NC-12] (D-NC), 2022-09-15T00:00:00.000Z
- Del. Sablan, Gregorio Kilili Camacho [D-MP-At Large] (D-MP), 2022-09-15T00:00:00.000Z
- Rep. Bonamici, Suzanne [D-OR-1] (D-OR), 2022-09-15T00:00:00.000Z
- Rep. Manning, Kathy E. [D-NC-6] (D-NC), 2022-09-15T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2022-09-15T00:00:00.000Z
- Rep. Hayes, Jahana [D-CT-5] (D-CT), 2022-09-15T00:00:00.000Z
- Rep. Takano, Mark [D-CA-39] (D-CA), 2022-09-15T00:00:00.000Z
- Rep. Davis, Danny K. [D-IL-7] (D-IL), 2022-09-15T00:00:00.000Z
- Rep. McBath, Lucy [D-GA-6] (D-GA), 2022-09-15T00:00:00.000Z
- Rep. Thompson, Bennie G. [D-MS-2] (D-MS), 2022-09-15T00:00:00.000Z
- Rep. Soto, Darren [D-FL-9] (D-FL), 2022-09-15T00:00:00.000Z
- Rep. DeSaulnier, Mark [D-CA-10] (D-CA), 2022-09-15T00:00:00.000Z
- Rep. Grijalva, Raúl M. [D-AZ-7] (D-AZ), 2022-09-15T00:00:00.000Z
- Rep. Barragán, Nanette Diaz [D-CA-44] (D-CA), 2022-09-15T00:00:00.000Z
- Rep. Correa, J. Luis [D-CA-46] (D-CA), 2022-09-15T00:00:00.000Z
- Rep. Evans, Dwight [D-PA-3] (D-PA), 2022-09-15T00:00:00.000Z
- Rep. Cherfilus-McCormick, Sheila [D-FL-20] (D-FL), 2022-09-15T00:00:00.000Z
- Rep. Carbajal, Salud O. [D-CA-24] (D-CA), 2022-09-15T00:00:00.000Z
- Rep. Torres, Ritchie [D-NY-15] (D-NY), 2022-09-15T00:00:00.000Z
- Rep. Clarke, Yvette D. [D-NY-9] (D-NY), 2022-09-15T00:00:00.000Z
- Rep. Lawrence, Brenda L. [D-MI-14] (D-MI), 2022-09-15T00:00:00.000Z
- Rep. Sarbanes, John P. [D-MD-3] (D-MD), 2022-09-15T00:00:00.000Z
- Rep. Lee, Barbara [D-CA-12] (D-CA), 2022-09-15T00:00:00.000Z
- Rep. Brown, Shontel M. [D-OH-11] (D-OH), 2022-09-15T00:00:00.000Z
- Rep. Lawson, Al, Jr. [D-FL-5] (D-FL), 2022-09-15T00:00:00.000Z
- Rep. Carter, Troy A. [D-LA-2] (D-LA), 2022-09-15T00:00:00.000Z
- Rep. Bowman, Jamaal [D-NY-16] (D-NY), 2022-09-15T00:00:00.000Z
- Rep. Carson, André [D-IN-7] (D-IN), 2022-09-15T00:00:00.000Z
- Rep. Espaillat, Adriano [D-NY-13] (D-NY), 2022-09-15T00:00:00.000Z
- Rep. Castro, Joaquin [D-TX-20] (D-TX), 2022-09-15T00:00:00.000Z

## Related bills

- 117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act
- 117-hr-5577: To designate the facility of the United States Postal Service located at 3900 Crown Road Southwest in Atlanta, Georgia, as the "John R. Lewis Post Office Build…
- 117-hr-3488: John Lewis Every Child Deserves a Family Act
- 117-hr-2252: Emmett Till and Mamie Till-Mobley Congressional Gold Medal Act of 2021
- 117-hr-1948: VA Employee Fairness Act of 2021
- 117-hr-1808: Assault Weapons Ban of 2022

## Sources
- [117-hr-8872 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/8872)

## Related
- [117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1842)
- [117-hr-5577: To designate the facility of the United States Postal Service located at 3900 C…](https://policyrisk.com/legislation/117-hr-5577)
- [117-hr-3488: John Lewis Every Child Deserves a Family Act](https://policyrisk.com/legislation/117-hr-3488)
- [117-hr-2252: Emmett Till and Mamie Till-Mobley Congressional Gold Medal Act of 2021](https://policyrisk.com/legislation/117-hr-2252)
- [117-hr-1948: VA Employee Fairness Act of 2021](https://policyrisk.com/legislation/117-hr-1948)
- [117-hr-1808: Assault Weapons Ban of 2022](https://policyrisk.com/legislation/117-hr-1808)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-8872 (as of 2025-11-18).