# 119-hr-2003: Affordable Loans for Students Act

119-hr-2003, Affordable Loans for Students Act, is a 119th Congress bill sponsored by Rep. Lawler, Michael [R-NY-17] (R-NY); status introduced; PRIA reads it as touching household money (as of 2026-09-26).

- Canonical: https://policyrisk.com/legislation/119-hr-2003
- As of: 2026-09-26
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-2003
- Congress: 119
- Title: Affordable Loans for Students Act
- Status: introduced
- Introduced: 2025-03-10
- Sponsor: Rep. Lawler, Michael [R-NY-17] (R-NY)
- Cosponsors: 7
- Policy area: Education
- Touches household money: yes
- Last recorded action: 2026-09-26

## Summary

**Would lower student loan interest to 2.0 percent by creating a new loan modification and refinancing program under the Higher Education Act.** It would let the Secretary of Education automatically cut rates on loans the Department holds and offer optional refinancing for loans held elsewhere.

## Cosponsors (7)

- Rep. Luna, Anna Paulina [R-FL-13] (R-FL), 2025-03-10T00:00:00.000Z
- Rep. Moskowitz, Jared [D-FL-23] (D-FL), 2025-03-10T00:00:00.000Z
- Rep. Van Drew, Jefferson [R-NJ-2] (R-NJ), 2025-09-15T00:00:00.000Z
- Rep. Miller-Meeks, Mariannette [R-IA-1] (R-IA), 2026-01-22T00:00:00.000Z
- Rep. Figures, Shomari [D-AL-2] (D-AL), 2026-08-24T00:00:00.000Z
- Rep. Riley, Josh [D-NY-19] (D-NY), 2026-09-08T00:00:00.000Z
- Rep. Salazar, Maria Elvira [R-FL-27] (R-FL), 2026-09-24T00:00:00.000Z

## Provisions PRIA read

- 2% interest and refinancing for federal student loans: benefit, medium. If enacted, eligible federal student loans held by the Secretary would be reset to a 2.0% interest rate starting the first July 1 after enactment, without any action from you. Eligible federal loans not held by the Secretary would be refinanced into a Direct Consolidation Loan at 2.0% unless you op…

## Related bills

- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025
- 119-hr-2102: Major Richard Star Act
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-1993: 25th Anniversary of 9/11 Commemorative Coin Act

## Sources
- [119-hr-2003 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/2003)

## Related
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [119-hr-2102: Major Richard Star Act](https://policyrisk.com/legislation/119-hr-2102)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-1993: 25th Anniversary of 9/11 Commemorative Coin Act](https://policyrisk.com/legislation/119-hr-1993)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-2003 (as of 2026-09-26).