# 119-hr-7536: GRADUATE Act

119-hr-7536, GRADUATE Act, is a 119th Congress bill sponsored by Rep. Goldman, Daniel S. [D-NY-10] (D-NY); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-7536
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-7536
- Congress: 119
- Title: GRADUATE Act
- Status: introduced
- Introduced: 2026-02-12
- Sponsor: Rep. Goldman, Daniel S. [D-NY-10] (D-NY)
- Cosponsors: 8
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Expands the federal tax deduction for education loan payments to include principal and raise the maximum cap.** It would broaden who can deduct student loan payments and add an income-based phase-out. - Families with dependents would get a larger deduction. The new maximum is $10,000 plus $500 per dependent. - Borrowers could deduct payments made toward both principal and interest on qualified education loans instead of interest alone. - Higher-income filers would see the deduction reduced based on a defined modified adjusted gross income measure. The phase-out begins above $125,000 for single filers and $250,000 for joint filers. - The deduction is treated as an above-the-line adjustment under section 62(a)(17) and would apply to tax years beginning in 2026 and later.

## Cosponsors (8)

- Rep. Jacobs, Sara [D-CA-51] (D-CA), 2026-02-12T00:00:00.000Z
- Rep. Garcia, Robert [D-CA-42] (D-CA), 2026-02-12T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2026-02-12T00:00:00.000Z
- Rep. Figures, Shomari [D-AL-2] (D-AL), 2026-02-12T00:00:00.000Z
- Rep. Pingree, Chellie [D-ME-1] (D-ME), 2026-02-12T00:00:00.000Z
- Rep. García, Jesús G. "Chuy" [D-IL-4] (D-IL), 2026-02-20T00:00:00.000Z
- Rep. Green, Al [D-TX-9] (D-TX), 2026-02-23T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2026-03-09T00:00:00.000Z

## Provisions PRIA read

- Bigger student loan deduction for borrowers: benefit, high. If enacted, you would be able to deduct payments made that year on qualified student loans, including principal and interest. The deduction would be capped at $10,000 plus $500 per dependent. The deduction would phase out for modified AGI above $125,000 (single) and $250,000 (joint). The phase-out…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-7973: Momnibus Act
- 119-hr-3069: Medicare for All Act
- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025

## Sources
- [119-hr-7536 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/7536)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-3069: Medicare for All Act](https://policyrisk.com/legislation/119-hr-3069)
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-20: Richard L. Trumka Protecting the Right to Organize Act of 2025](https://policyrisk.com/legislation/119-hr-20)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-7536 (as of 2026-04-21).